PGAS Intends to Issue Global Bond

By Editorial Team 16/08/2019
Topic

PT Perusahaan Gas Negara/PGN Tbk (PGAS) plans to issue a global bond just like PLN and Pertamina. The issuance is intended to meet the company's funding needs after acquiring Pertagas. Nevertheless, there is no exact schedule for when the company will realize this bond issuance plan.

PGAS used its funds to acquire a 51 percent stake in Pertagas worth US$ 1.3 billion from PT Pertamina. Therefore, the company wants to balance its finances. PGN has received a loan of US$ 350 million. However, this short-term loan had been allocated to fulfill this year’s capital expenditure needs, which reached US$ 500 million.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.