Aug. 10 (Bloomberg) -- petroliam Nasional Bhd., Malaysiaâs state oil company, will âcontinue to explore the possibilityâ of listing its subsidiaries, Chief Executive Officer Hassan Marican said.
The companyâs units, MISC Bhd., petronas Gas Bhd. and petronas Dagangan Bhd., are traded on the Kuala Lumpur stock exchange. petronas, as the company is known, sold $4.5 billion of bonds last week, the biggest dollar issue by an Asian company outside Japan this year, according to data compiled by Bloomberg.
Demand exceeded the amount on offer by more than four times as there were $19 billion of orders, according to a petronas statement released today. proceeds will be used for capital expenditure and general corporate purposes, the company said, without providing details.
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