Pertamina makes rapid return to bonds after long wait
It took Indonesian energy company Pertamina several years to make its debut in the international bond market, but it was only a matter of days before the state-owned borrower returned for its second deal. Pertamina raised $500m from a 30 year bond at the end of last week, bringing its total funding to $1.5bn within the space of a few days.
The company sold the $500m May 2041 bond on Friday, only four days after making its debut with a $1bn May 2021. The long-dated issue was not planned, but was driven by reverse enquiry from investors during the marketing of the earlier deal.
There was enough demand to close
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.