PETRONAS in Update of $15 Billion GMTN Program and $6 Billion Offering
April 21, 2020
Cleary Gottlieb represented Petroliam Nasional Berhad (PETRONAS) and its finance subsidiary, PETRONAS Capital Limited (PCL), in an update of their $15 billion global medium-term note program (GMTN), which was completed in March 2020.
Cleary also represented PETRONAS and PCL in a $6 billion Rule 144A/Reg. S guaranteed notes offering under the GMTN program. The notes offering priced on April 14, 2020, and closed on April 21, 2020, and the notes were listed on the Hong Kong Stock Exchange, Bursa Malaysia, and the Labuan International Financial Exchange.
PETRONAS is an integrated oil and gas company with operations or investments in more than 50 countries around the world. It is wholly owned by the Malaysian government and is ranked among the Fortune Global 500.