Pertamina Rp18 Billion Bond Issue

PT Pertamina will issue an international bond or global bond worth U.S. $ 2 billion or about Rp18, 3 trillion. The funds will be used for upstream and downstream investments Pertamina.

"Pertamina has proposed global bonds, worth over U.S. $ 2 billion," says Deputy Ministry of Enterprise Sector Restructuring and Strategic Planning, Pandu Djajanto, in Jakarta, Friday, April 20, 2012.

Pandu said, Pertamina has even pointed to underwriters (underwriter) to take care of global foreign bond Pertamina. In fact, he continued, Pertamina has conducted a roadshow last week and has set the price, duration, and magnitude of coupon bonds. "Roadshow was already, even the pricing is also already," he said.

Earlier, in May 2011, Pertamina has issued global bonds worth U.S. $ 1 billion. At the time of its bid, the total investor demand to reach U.S. $ 7 billion or 7 times oversubscribed.

By comparison, global bonds issued by Pertamina 2011 5.25 percent coupon, the yield (yield) 5.5 percent, and the tenor of 10 years. Pricing has been done in New York on May 16, 2011.

Joint Lead Managers in the issuance of global bonds is Citi Group, Credit Suisse, and HSBC. Pertamina global bonds will be listed on the Singapore Exchange (SGX). (art)