PETALING JAYA: Petroliam Nasional Bhd (Petronas) and joint venture (JV) partner Saudi Aramco are seeking commitments from banks for a US$9.7bil (RM40bil), 15-year loan to finance the Refinery and Petrochemical Integrated Development (Rapid) project in Johor.
Citing LPC, a fixed income news service, Reuters reported yesterday that banks have responded to an initial request for proposals and are required to respond by the end of this week with revised proposals, mainly around pricing.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
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!