PLN braves tough market for $1bn loan

Power plant_adobestock_230z150
By Pan Yue
03 Apr 2020

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.

A large group of 30 to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial