By Aaron Hochman-Zimmerman
New York, Aug. 5 - Petroliam Nasional Bhd. sold a combined $4.5 billion of five-year sukuk and 10-year conventional bonds (A1/A-/), according to a market source.
The issuer priced $1.5 billion of five-year sukuk and $3 billion of 10-year conventional bonds.
Both tranches priced at spreads of Treasuries plus 162.5 basis points. The pricing came tighter than the original talk at Treasuries plus 175 bps.
CIMB Bank, Citigroup and Morgan Stanley acted as bookrunners for the deal.
Petronas is a Kuala Lumpur-based government-run oil firm.
| Issuer: | Petroliam Nasional Bhd.
|
| Total amount: | $4.5 billion
|
| Bookrunners: | CIMB Bank, Citigroup, Morgan Stanley
|
| Pricing date: | Aug. 5
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A-
|
|
|
| Five-year sukuk
|
| Issue: | Sukuk
|
| Amount: | $1.5 billion
|
| Maturity: | 2014
|
| Spread: | Treasuries plus 162.5 bps
|
| Price talk: | Treasuries plus 175 bps
|
|
|
| 10-year conventional
|
| Issue: | Conventional bond
|
| Amount: | $3 billion
|
| Maturity: | 2019
|
| Spread: | Treasuries plus 162.5 bps
|
| Price talk: | Treasuries plus 175 bps
|
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