The state owned electricity company (PLN) will issue IDR10 trillion bonds to cover the internal spending needs and to continue the 10,000 megawatt (MW) project. PLN is surely to issue bonds to finance some ongoing projects.
PLN investment needs in 2009 stand at IDR57 trillion which will be allotted for the construction of transmission and power plant capacity increase. The PLN bonds issuance also deals with the IDR2.2 trillion bond issuances early this year which got positive responses from investors.
PLN issued more bonds as from the target of IDR1.5 trillion. Formerly the issued bonds were only two kinds, conventional and sharia bonds.
Thursday, January 15, 2009
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