Petronas defies market woes with slam-dunk $6bn bond

Morgan Davis

April 16, 2020 11:30 am

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Petroliam Nasional (Petronas) stunned the bond market this week with a $6bn deal that received $37bn of orders at its peak. The Malaysian oil and gas company had to navigate volatile oil prices, a ratings outlook change and the Covid-19 pandemic, writes Morgan Davis.

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Topics

Citi Corporate Bonds Asia Southeast Asia Asean Asia Pacific Malaysia Emerging Markets High grade and crossover bonds

MD

Morgan Davis

Deputy editor GlobalCapital Asia