Better prospects for Petronas as sukuk costs decline, petrol price up


  • Business Premium
  • Wednesday, 09 Mar 2016

Petronas could emerge with rival bids

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is enjoying a twin boost as commodity prices rally and Islamic bond costs fall just as it considers borrowing.

The difference in yield between 10-year government sukuk and two-year securities shrank to a five-month low of 91 basis points last week from as high as 128 in early January, making longer-term financing attractive for issuers such as Petronas. That’s been helped by record foreign purchases of ringgit government bonds last month, a rally in the currency and a recovery in Brent crude.

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Business , Petronas , sukuk , oil , price , borrowing ,

   

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