Tuesday, December 1, 2009

PGN raise US$275 million loan

PT Perusahaan Gas Negara Tbk last week received a US$275 million, three-year loan from a group of lenders to buy back its dollar-denominated bonds, the gas distributor said in a material for a Dec. 3 presentation accessible through the Indonesia Stock Exchange web site.
PGN said on Nov. 25 it hired Standard Chartered Plc to help it get loans that will be used to redeem its $150 million of 7.5 percent bonds due in 2013 and $125 million of 7.5 percent notes maturing in 2014.

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