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
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