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Business 6 years ago
Pertamina's Elnusa issues Rp 700b in sukuk to finance business expansion
Publicly listed oil and gas service provider PT Elnusa, a subsidiary of state-owned oil giant Pertamina, issued Rp 700 billion (US$47.4 million) of sukuk (sharia-compliant bonds) on Wednesday to raise funds for its business expansion.
Business 6 years ago
Garuda secures approval from bondholders for sukuk extension
National flag carrier Garuda Indonesia has earned some breathing space as the majority of its sukuk (sharia-compliant bonds) holders approved the company’s proposal to extend its US$500 million sukuk amid the company’s financial struggle due to the pandemic.
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