Petronas Prepares $7b Bond

Petronas Prepares  $7b BondPetronas Prepares  $7b Bond

Malaysia’s Petroliam Nasional Bhd. (Petronas) is offering the second-largest dollar bond from Asia as the state-owned oil firm’s borrowing costs soar to the highest in a year. Petronas is marketing notes in the US currency with four different maturities and expected to reach $7 billion, according to Bloomberg. The energy company is offering five-year Islamic debt with indications of yield at 135 basis points over treasuries.