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5/20/11

Pertamina Issue More Bonds U.S. $ 500 Million?

Pertamina filling station, Bali Island, IndonesiaImage via WikipediaWhery Enggo Prayogi - detikFinance
Jakarta -Make Money Blog$; PT Pertamina (Persero), rumored to be re-issued aglobal bond global alias bond worth U.S. $ 500 million. Minister forState Owned Enterprises (SOEs) Mustafa Abubakar will request a full report on this debt.



"I heard the news (U.S. $ 500 million bond, but not official. I would like to report, did the newly approved U.S. $ 1 billion," he said inhis office, Jalan Medan Merdeka Selatan, Jakarta, Friday(05/20/2011).

Mustafa claims will summon Pertamina President Director KarenAgustiawan in order to seek clarification on the issuance ofdebentures.

"I (will) talk to Mrs. Karen first, we talk first," he said.

According to the news circulated, debentures will be payable in 30 years from published this year, so the time to maturity in the year2041. Global Bonds was berkupon 6.75 to 6.85%.

Rating agency Fitch Ratings has rated the BB plus with a positiveoutlook. Ratings are given on Thursday, May 19, 2011 yesterday.

Previously, Pertamina also has plans to issue global bond globalalias bond worth U.S. $ 1 billion. The fund will be used for a variety of investments this year.
(Ang / dnl)
Source: detik.com
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