Paiton adds $100m from tap to cut loan size

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By Morgan Davis
05 Dec 2017

Indonesian power producer Paiton Energy returned to the international debt market on Monday to add another $100m to its August bonds, in a bid to extend its debt maturity profile.

Paiton’s initial $2bn deal, split between a $1.2bn 4.625% 2030 and a $800m 5.625% 2037, was lauded by the market for its innovative structure, and its status as the first benchmark dollar project bond to be issued by an Asian power company in more than a decade. ...

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