Malaysia's Petronas issues $410 mil sukuk, oversubscribed by three times

Credit: REUTERS/LIM HUEY TENG

Malaysia's Petroliam Nasional Bhd, or Petronas, on Friday said its subsidiary Pengerang LNG (Two) Sdn Bhd has concluded the issuance of a 20-year multi-tranche Sukuk Murabahah amounting to 1.7 billion ringgit ($410.23 million).

KUALA LUMPUR, Oct 23 (Reuters) - Malaysia's Petroliam Nasional Bhd, or Petronas, on Friday said its subsidiary Pengerang LNG (Two) Sdn Bhd has concluded the issuance of a 20-year multi-tranche Sukuk Murabahah amounting to 1.7 billion ringgit ($410.23 million).

The state energy firm said the Sukuk Murabahah issued under its Islamic Medium Term Note Programme was oversubscribed by three times.

($1 = 4.1440 ringgit)

(Reporting by Mei Mei Chu; Editing by Christian Schmollinger)

((meifong.chu@thomsonreuters.com; +603-2333-8035; Reuters Messaging: @meixchu on Twitter))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More