By Cristal Cody
Chicago, March 16 – Petronas Energy Canada Ltd. sold $600 million of 2.112% notes due March 23, 2028 (A2) on Tuesday, according to a market source.
The notes priced with a spread of Treasuries plus 85 basis points after being talked in the area of Treasuries plus 125 bps.
BofA Securities Inc. Citigroup, HSBC and Scotiabank were as bookrunners on the notes.
Petronas is a subsidiary of Petroliam Nasional Bhd., which will guarantee the notes, according to Moody’s Investors Service.
The company was previously called Progress Energy Canada Ltd.
The Calgary, Alberta-based company is an energy company.
| Issuer: | Petronas Energy Canada Ltd.
|
| Guarantor: | Petroliam Nasional Bhd.
|
| Issue: | Notes
|
| Amount: | $600 million
|
| Maturity: | March 23, 2028
|
| Bookrunners: | BofA Securities Inc. Citigroup, HSBC and Scotiabank
|
| Coupon: | 2.112%
|
| Spread: | Treasuries plus 85 bps
|
| Trade date: | March 16
|
| Ratings: | Moody’s: A2
|
| Price talk: | Treasuries plus 125 bps area
|
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