PLN scraps $300m loan on government support

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By Pan Yue
21 Oct 2020

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 ...

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