The state-controlled electricity producer PT Perusahaan Listrik Negara (PLN) has mandated four international arrangers to help the issuance of up to US$2 billion bonds.
The proceed of the issuance will be used by PLN to bankroll investment and underpin business expansion. PLN plans to spend Rp70 trillion of capital expenditure this year which mainly will be used to roll out transmission and power plants. Who are the lucky arrangers?
Disclosure: No position at the stock mentioned above.
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