The bonds received good responses from global investors. Subscriptions for the bonds came from more than 380 investors with a total value of US$11.5 billion."Jakarta (ANTARA News) - State electricity company (PLN) said it has raised US$1 billion from the issuance of 30-year global bonds.
The bonds were offered through an intraday execution strategy at a series of meetings with global investors from Asia, Europe and the United States, PLN President Director Nur Pamuji said in a press statement released here on Friday.
"The transaction of unsecured bonds marks the PLN`s comeback to the international capital market following the issuance of bonds worth US$1 billion at a coupon of 5.5 percent in November 2011," he said.
He said the 30-year bonds due in October 2042 are the first issued by PLN in the past five years at a coupon of 5.25 percent and a price of 98.514 percent or a yield of 5.35 percent per year.
"The bonds received good responses from global investors. Subscriptions for the bonds came from more than 380 investors with a total value of US$11.5 billion," he said. (J010/BSR/S012)
Editor: Kunto Wibisono
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