PT Pertamina, Indonesia's state oil company, hired four banks to help it get a five-year, US$700 million loan. Australia & New Zealand Banking Group Ltd., BNP Paribas, HSBC Holdings Plc and Royal Bank of Scotland Group Plc will help organize the amortizing loan, which will be put out for general syndication shortly.
Pertamina plans to issue US$1 billion bonds to cover IDr39 trillion capital expenditure next year. The company also plans to issue more than US$1 trillion bonds to provide additional funding resource of Pertamina worth US$2.5 billion.
Pertamina capital expenditure is focused on the development of oil and gas upstream business such as field acquisition, development, and reserves increase.
Pertamina capital expenditure is focused on the development of oil and gas upstream business such as field acquisition, development, and reserves increase.
No comments:
Post a Comment