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Malaysia's Petronas plans to raise $1 billion via domestic bond sale and bank loans
By Reshmi Basu
New York, April 21 - Petroliam Nasional Bhd plans to raise $1 billion equivalent in a domestic bond sale and bank loans, according to a market source.
Malaysia's state oil company plans to borrow $500 million from banks and sell 2 billion ringgit of 10-year bonds to local investors.
Proceeds will be used to pay for plants.
The deal is expected in the second half of the year.
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