Monday, January 11, 2010

Pertamina nominated underwriter

PT Pertamina nominated some overseas investment banks in the shortlisted underwriters to handle global bond issuance worth US$1 billion-1.5 billion in quarter III/2010.
Royal Bank of Scotland Plc (RBS), ANZ, BNP Paribas, Citi, Credit Suisse, HSBC, and Standard Chartered Bank passed the shortlist and go to the next selection. The company has set the shortlisted underwriter candidate.
Vice President Director of Pertamina Omar Sjawaldy Anwar refuted to provide detail explanation. He conceded the shortlisted securities companies to handle the global bond issuance.
"I cannot talk the details as it is in black period. The point is that the Pertamina bond issuance is underway and there are shortlisted securities companies as from 20 firms expressing their interests on bond issuance," he said yesterday.
Bond issuance scheme is executed to cover next year capital expenditure worth IDR39 trillion.
The IDR10 trillion global bond issuance is to complete some fund raising worth US$2.5 billion.
Pertamina capital expenditure focuses on the upstream development of oil and gas such as field acquisition, development, and reserves rise.
The government this year targets to tap IDR20 trillion dividend shared by Pertamina or rose IDR2.2 trillion as from IDR17.8 trillion this year.
July 2009 Pertamina got US$400 million and IDR3 trillion loan facilities. The loan was oversubscribed up to US$650 million and IDR4 trillion. PT Bank Mandiri Tbk and Citi at the time served as the banks coordinating both loan facilities here.
The US$400 million loan providers here include Citibank N.A, ANZ Panin Bank, Bank of Tokyo-Mit-subishi UFJ, BNP Paribas, BRI, Sumitomo Mitsui Banking Corporation, BCA, Overseas-Chinese Banking Corporation Ltd, Bank Mizuho Indonesia, and Bank Pan Indonesia, HSBC, Chinatrust Commerical Bank Co Ltd, Calyon, CIMB Bank, Natixis, and Qatar National Bank.
The IDR3 trillion loans for Pertamina were generated from Bank Mandiri, PT Bank Negara Indonesia Tbk, PT Bank Rakyat Indonesia Tbk, and BCA.

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