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