May 9, 2011

Pertamina bond, finally launched

After long-waited, the state-controlled oil and gas producer PT Pertamina (Persero) finally will soon to launch at least US$1.5 billion unsecured bond.
Standard & Poor's Ratings Services (S&P) today assigned its BB+ issue rating to the proposed senior unsecured notes by Pertamina.
The issue rating reflects the 'BB+' long-term corporate credit rating on Pertamina. The rating on the proposed notes is subject to our review of the final issuance documentation, and confirmation of the amount and terms of the notes. Pertamina expects to use the proceeds from the proposed notes for general corporate purposes and to fund its capital expenditures. Who are the bond arrangers and the usage?  Please read the remaining stories here.

Disclosure: No position at the stock mentioned above.

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