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Image via WikipediaThese bond funds to buy Block and boost Angola oil production.- Minister of State-Owned Enterprises (SOEs), MustafaAbubakar, allow Pertamina issued global bonds (global bonds)worth U.S. $ 1.5 billion or around Rp13 trillion.
These bond funds to purchase the Block Angola, boost production Cepu and the WestMadura block, and revitalize old wells.
This was disclosed Mustafa after attending a coordination meetingat the office of Coordinating Minister for Economic Affairs, in the region Banteng Square, Jakarta, Monday, May 23, 2011. "Globalbond of U.S. $ 1.5 billion has been included in the CBP [Work Planand Budget of the Company]," said Mustafa.
Permit the filing of this bond awalnnya only U.S. $ 1 and has beenapproved. However, then there is the proposed addition of U.S. $ 500 million, which will be U.S. $ 1.5 billion.
Granting of this approval, according to Mustafa, because their function is clear. Pertamina is expected to spend the money for itin the remaining quarter of the existing. "If Pertamina could spendU.S. $ 1.5 billion was yes monggo [please]," said Mustafa.
In the global bond offering of U.S. $ 1 billion, the company hasexcess demand or oversubscribe. "At first, when demand turns outroadshows to reach U.S. $ 3 billion," he said. "This is what makesPertamina to raise the ceiling to $ 1.5 billion."
source: VIVAnews.com
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