PLN picks Bahana, Mandiri, & Danareksa

PT Perusahaan Listrik Negara (PLN) as appointed state owned securities companies consortium to handle IDR1.5 trillion bonds issuance.
Formerly, PLN invited three underwriter consortiums to handle IDR.5 trillion bond issuance.
My sources said the securities consortium appointed here include PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas.
"PLN bond issuance is scheduled in October using finance report per June," he said yesterday.
Three securities consortium strived for PLN bond issuance underwriter worth IDR1.5 trillion consisting of one state securities consortium and two private securities consortium.
The two private securities consortium consists of PT Kresna Graha Sekurindo Tbk, PT Standard Chartered Securities, and PT Andalan Artha Advisindo Sekuritas.
Another consortium consists of PT Trimegah Securities Tbk, PT Indo Premier Securities, and PT CIMB GK Securities.
Vice President Director of PLN Rudiantara when asked last night admitted for not knowing the appointment of underwriter handling the bond issuance.
But he conceded PLN planned to enter the market to seek fund as it still requires IDR4.5 trillion external fund to support the power plant development.
"We have not set the bond issuance value, but in semester II we are sure to enter the market to seek fund using June finance report. PLN has appointed Deloitte Touche Tohmatsu to audit corporate finance report up to semester I this year," he said last night.