PLN scraps $300m loan on government support

Indonesian state-owned electricity company Perusahaan Listrik Negara has cancelled a $300m loan, after receiving a capital injection from the government.
PLN had mandated Korea Development Bank, Mizuho and Sumitomo Mitsui Banking Corp for the $300m one year deal in July, after scrapping its initial plan of raising a bigger amount of $1bn.
However, the company has since decided to cancel the loan as it has enough internal ...Already a subscriber? Login