Indonesian loan rush rolls on as PGN mandates
Indonesian state-owned gas firm Perusahaan Gas Negara (PGN) has hired Standard Chartered to arrange a $275m facility, becoming the latest in a line of Indonesian borrowers to turn to the international loan markets as appetite for Indonesian risk continues to build.
The loan for PGN matures in three years and has an average life of two years.
One banker close to the transaction said the facility was being prepared for launch and is likely to hit the market in a matter of weeks.
PGN adds to the flow of
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.