PETRONAS Global Sukuk 

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.  

2.707%

Prospectus,  Offering Circular, 

Wakala 

$1.25 Billion 

USD 

18 March 2020 

Malaysia 

5 Years 

18 March 2015 

Moodys: A1 S&P: A- 

Luxembourg Stock Exchange ,  

Bank of America Merrill Lynch ,  CIMB Islamic ,  Citigroup ,  Deutsche Bank ,  HSBC ,  Maybank Investment Bank ,  Mitsubishi UFJ Financial Group (MUFG) ,  Morgan Stanley ,