PLN sign loan US$261 juta

State electricity company PLN is going to sign loan US$261 million from China. PLN needed to complete the first-batch 10,000 MW power plant project.
Vice President Director PLN Rudiantara said to me that the company will sign the credit.
It requires US$4.4 billion and IDR17.5 trillion to complete the 10,000 MW electricity crash program. PLN has got US$3.4 billion and IDR13.5 trillion in fund commitment, making PLN still 20% in shortage.
PLN has offered bond IDR1,5 trilion with coupon ranging from 15.75-16.78 percent. In the public expose yesterday the PLN A series bonds interest with five year tenure equals with the government bonds (SUN) coupon of the FR20 series plus 50-150 basis points.
For the B series with seven years tenure, it is equal to the SUN of FR 27+ FR 28 series divided by two and plus 50-150 basis points.