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PLN braves tough market for $1bn loan
Indonesian power company Perusahaan Listrik Negara has sent out a request for proposals (RFP) to a large group of banks, aiming to raise a new offshore loan despite the impact of the coronavirus on bank demand.
The company is asking banks to bid for a $1bn five year deal, according to sources. The initial deadline is early April, but many lenders have suggested to the company that it postpone it one month, said a banker close to the situation.
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