Star Energy’s rare project bond attracts investors

By Morgan Davis
07 Oct 2020

Indonesia’s Star Energy Geothermal found solid investor demand for Asia’s first dollar-denominated project bond of the year. The deal was helped by the issuer’s investment grade rating and a green label that helped reduce pricing. Morgan Davis reports.

Project bonds are still a rarity in Asia, but Indonesian geothermal company Star Energy has now sold two in less than three years. In 2018, the company raised $580m from its debut green bond. But that deal faced a bit of a struggle in a volatile market, with the ...

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