Indonesia’s PGN to meet $1.5bn loan bankers on Tuesday

By Rashmi Kumar
28 Apr 2014

Perusahaan Gas Negara is meeting bankers in Jakarta on Tuesday, April 29, as bankers await a decision on whether the Indonesian company will close its $1.5bn loan onshore or offshore.

The gas transport and distribution company unofficially picked Australia and New Zealand Bank, Bank of Tokyo Mitsubishi-UFJ, Citi, HSBC and Sumitomo Mitsui Banking Corp as the bookrunners and mandated lead arrangers in early April.

It is seeking an offshore financing, but its chances of doing an overseas ...

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