KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), Malaysia's state oil company, has appointed Bank of America Merrill Lynch, CIMB and Deutsche Bank for a U.S.-dollar bond planned for the first half of the year, Thomson Reuters publication IFR reported on Wednesday.
The offshore bond programme could be a conventional or Islamic one, said IFR, adding HSBC and Morgan Stanley MUFG, a unit of Morgan Stanley, may play smaller roles on the deal, IFR reported.
Malaysia's Prime Minister on Tuesday said Wan Zulkiflee Wan Ariffin had been appointed to lead Petronas from April, replacing Shamsul Azhar Abbas, under whose leadership the company expanded abroad to shore up future earnings as output slows at home.
The company bought Canada's Progress Energy Resources in 2012 in a deal worth around $5 billion that gave it shale gas properties in northeastern British Columbia.- Reuters
Limited time offer:
Just RM5 per month.
