PGN eyes more loans to back expansion plans

Indonesian gas distributor Perusahaan Gas Negara (PGN) gave a masterclass this year in how to navigate Asia’s bond and loan markets to secure the best pricing. The nimble borrower leveraged the positive sentiment around its country — plus its own rarity value — to raise more than $2bn. Now it is looking to be a more regular name in the debt market, writes Shruti Chaturvedi.