Thursday, May 8, 2008

PLN issued Rp3 trillion bonds

The State-owned Electricity Company (PLN) will issue Rp3 trillion bonds to support the power plant development scheme.
there are at least six securities companies that have been invited by PLN to take part in the underwriter selection. The companies here include PT Andalan Artha Advisindo Sekuritas, PT Bahana Securities, PT Danareksa Sekuritas, PT Indo Premier Securities, PT Mandiri Sekuritas, and PT Trimegah Securities Tbk.
PLN plans to issue sukuk worth by US$2 - US$2.5 billion to fund the coal-based power plant development with 2,000 MW capacities.

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