Pertamina shakes off cancelled tender, sells new bond

Indonesia lake
By Morgan Davis
01 Nov 2018

Indonesia’s Pertamina made a quick comeback to the debt market on Wednesday, selling a 30 year bond just days after terminating a tender offer.

Last week, the state-owned energy company cancelled a tender offer for its outstanding $1bn 5.25% 2021 notes and its $1.242bn 4.875% 2022 bond. The tender offer had been contingent on the sale of new notes, but the issuer decided not to pursue a transaction because of the ...

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