PLN bond

PLN's $1 billion bond beats weak credit markets

The state-owned electricity company prices a $1 billion bond, tapping investor appetite for Indonesian credits.

Denise Wee

November 17, 2011

Indonesian state-owned electricity company Perusahaan Listrik Negara (PLN) early Wednesday morning priced a $1 billion 10-year bond at a yield of 5.625%, at the tight end of the 5.625% to 5.75% final guidance. Barclays Capital and Citi were joint bookrunners.

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