Petronas follows sovereign for $3bn

By Morgan Davis
23 Apr 2021

Malaysian oil company Petroliam Nasional (Petronas) raised $3bn from a dual tranche bond, just a day after the country’s sovereign made its dollar return.

The Malaysian government sold a dual tranche sukuk on Wednesday, one portion of which was marketed as a sustainability trade. The transaction, which was the country's first since 2016, raised $1.3bn.

Petronas surprised the market when it quickly followed the sovereign's popular transaction, announcing its ...

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