07.08.2009 - Petronas bond sale signals growing appetite for energy debt
From Btimes.com.my: Petrolian Nasional Bhd (Petronas)'s US$4.5 billion (US$1 = RM3.50) bond sale, the biggest US dollar issue by an Asian company outside Japan this year, signals a growing appetite for debt sold by the region's state-owned energy companies. "There's a lot of money and liquidity out there," said Choo Swee Kee, who manages about US$202 million as chief investment officer at TA Investment Management Bhd. "So for anything that people view as having a reasonable quality, there is a lot of demand.".........Full Article: Source
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