News
Petronas successfully prices a US$600 mln bond offering
KUALA LUMPUR, March 18 -- PETRONAS has successfully priced a US$600 million single tranche seven-year note.
The issuance marks the first corporate bond issued by its wholly owned subsidiary, PETRONAS Energy Canada Ltd (PECL).
The notes were priced at 85 basis points (bps) over the seven-year US Treasury to yield 2.112 per cent. The offering was met with overwhelming demand from the market throughout the bookbuilding process, illustrating the market’s confidence in PETRONAS’ credit strength, on the back of its current ratings of A2 by Moody’s, A- by S&P and BBB by Fitch, it said in a statement on Thursday.
Proceeds will be utilised by PECL to fund its continued development and production activities, debt refinancing and for general corporate purposes. PECL focuses on the development and production of oil and natural gas in Canada.
The Notes are expected to settle on March 23, 2021 and will be listed on the Hong Kong Stock Exchange. BofA Securities acted as Sole Global Coordinator, together with Citigroup, HSBC and ScotiaBank as Joint Bookrunners.
-- BERNAMA
Other News
Solarvest Akan Pasang Panel Fotovoltaik Solar Terbesar Di Malaysia Di Pusat Beli Belah 1 Utama
KUALA LUMPUR, 15 April (Bernama) -- Bandar Utama City Centre Sdn Bhd melantik anak syarikat Solarvest Holdings Bhd, Solarvest Energy Sdn Bhd, untuk memasang panel fotovoltaik (PV) solar terbesar di Malaysia dan panel PV bersepadu-bangunan di pusat beli-belah 1 Utama.
Verdant Solar Sasar 2,600 Pemasangan Panel Pada Tahun Ini - Ceo
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KUALA LUMPUR, 11 April (Bernama) -- Penyedia penyelesaian tenaga solar, Verdant Solar Sdn Bhd menyasarkan untuk menggandakan bilangan pemasangan panel solarnya kepada 2,600 pada tahun ini berbanding 1,300 pada 2023.
Aidilfitri: Orang Ramai Dinasihat Utamakan Keselamatan Elektrik Dan Gas - St
PUTRAJAYA, 8 April 2024 (Bernama) -- Orang ramai dinasihatkan supaya mengutamakan keselamatan elektrik dan gas menjelang sambutan Aidilfitri tidak lama lagi.
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