Petronas Gas unit to raise up to $726.3m via Islamic bonds

A unit of Malaysia's Petronas Gas is raising up to MYR3 billion ($726.3 million) via Islamic bonds to repay debts and redeem preference shares. Pengerang LNG (Two) Sdn which is 65%-owned by the gas company, will issue 30-year bonds under a sukuk murabahah program. Proceeds from the programme...