Indonesian's state-owned electricity producer PT Perusahaan Listrik Negara (PLN) has set up 7.875% yield of its US denominated bonds and 7.75% coupon.
A source close to the deal said the company will sell US$1.25 billion bonds with maturity on January 20 2020.
PLN is one of Indonesia firms which has unveiled US dolar doniminated bonds, helped by Barclays Capital and UBS, to finance its power plant projects, following PT Indika Energy Tbk and PT Bukit Makmur Mandiri Utama.
PLN is one of Indonesia firms which has unveiled US dolar doniminated bonds, helped by Barclays Capital and UBS, to finance its power plant projects, following PT Indika Energy Tbk and PT Bukit Makmur Mandiri Utama.
Indika sold US$230 million of bonds, offering 9,75% yield, which was arranged by Citi, while Bukit Makmur launched US$315 million of bonds with 11.75% yield and helped by Barclays Capital, Deutsche Bank, ING, and Macquarie Securities.
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