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Jakarta Post
The Jakarta Post
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PLN issues US$1 billion bonds

  • The Jakarta Post

| Thu, November 17 2011 | 09:18 am

PREMIUM JAKARTA: State electricity company PT PLN has officially issued the first phase of the global medium-term notes (GMTN) with a total value of US$1 billion and a tenure of 10 years.

When launched to the market, the notes were oversubscribed by more than five times with a value of $5.5 billion. The notes also received the rating of Ba1 from Moody’s, BB from Standard & Poor’s and BB+ fr...