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Petronas 2020

Summary
SPV Name:
PETRONAS Global Sukuk 

Notes:
Obligor’s name: Petroliam Nasional Berhad (PETRONAS)Under the current terms and conditions of the Sukuk, the issuer will enter into a Wakalah agreement with PETRONAS. The first leg of this agreement will be an Ijarah (for at least 33% of the issued amount) and the second leg will be a Murabahah (for at most 67% of the amount). Under the Ijarah, PETRONAS Global Sukuk will acquire beneficiary interests in several units of a refinery, located in the Malacca region of Malaysia, from PETRONAS Penapisan (Melaka) (not rated), a wholly-owned subsidiary of PETRONAS. The underlying assets for the Murabahah will be made of Shariah compliant commodities.  


Profit rate:
2.707%
 
Download Documents:
 
Sukuk Details
Type:
Wakala 

Issue Size:
$1.25 Billion 

Currency:
USD 

Maturity:
18 March 2020 

Country of Issue:
Malaysia 

Tenor:
5 Years 
Issue Date:
18 March 2015 
Sukuk Rating:
Moodys: A1 S&P: A- 
Exchanges:
Arrangers:
Advisors:
 
 
 
 

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