Petronas tops new debt issuance, US5bil


The Petronas Twin Towers (headquarters) are seen at night in Kuala Lumpur November 20, 2015. - AFP

PETALING JAYA: The biggest fund raising exercise this year is by Petroliam Nasional Bhd (Petronas).

After six years, Petronas re-entered the debt market with a US$5bil bond issuance for its capital expenditure (capex) and possible acquisitions as well as to maintain a comfortable cash level.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Trading ideas: BHIC, Naza, F&N, Pestech, PetGas, XIX, TT Vision, Uzma, WTK, Ranhill, Farm Price, Sarawak Cable, SLP
Fed’s Williams says 2% inflation target ‘critical’
TD risks earnings hit from US probe
Promoting Techcombank as industry leader
EV maker Zeekr set to raise US$368mil from IPO
EV production keeps demand for copper high
New tea businesses bubble up toward a boom
United, American strike deal on US$8.5bil Chicago O’Hare airport revamp
Bursa Malaysia likely to trade range-bound with upside bias this week
RCE Cap to benefit from civil servant salary hike

Others Also Read