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Penerbangan Malaysia sets guidance for $1 billion 10-year bonds at mid-swaps plus 35 bps area
By Reshmi Basu
New York, Oct. 18 - State-owned Penerbangan Malaysia Bhd. set price guidance for a $1 billion offering of 10-year bonds (A3/A-) in the area of mid-swaps plus 35 basis points, according to a market source.
Pricing is expected on Thursday.
CIMB Bhd., Citigroup and HSBC are managing the sale.
Penerbangan Malaysia is 100% owned by Khazanah Nasional Bhd., the investment-holding arm of Malaysia.
Kuala Lumpur-based Penerbangan Malaysia is the majority owner of Malaysia's biggest airline, Malaysian Air.
Malaysia will guarantee the issuance.
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