PLN Again Successfully Issued Global Bond Worth USD 1.5 Billion

DETEKSIPOST.COM – PLN once again succeeded in issuing Global Bonds worth approximately USD 1.5 billion, which will be used to fund the investment needs and needs of the 35 GW Program (18 October 2018). This funding choice is quite appropriate considering that most of the investment needs of power plant equipment must still be obtained from abroad.
 
The global bond is issued at the same time in USD and Euro, which is USD500 million with a tenor of 10 years 3 months, USD500 million with a 30 year 3 month tenor, and € 500 million with a 7 year tenor, and an interest rate of 5.375%, 6.25 %, and 2,875%.
 
amid volatile or volatile market conditions and the trade war issue, “PLN not only succeeded,” obtaining funding with a long tenor, but also managed to expand the investor base in the European Market with Euro-denominated Global Bond.
 
PLN is the “first Indonesian BUMN” which is capable of simultaneously issuing Global Bonds in the International Market in “dual currency” namely USD and Euro, and the first Indonesian BUMN that is capable of issuing simultaneously triple tranches, namely 7 years, 10 years and 30 tenors year.
 
“This proves that the international world believes that Indonesia’s finances and PLN are always managed prudently, and shows the confidence of the international community on the strength of Indonesia’s economic fundamentals and current PLN and the sustainability of its growth in the future”Said PLN Finance Director Sarwono.
 
This global bond also managed to obtain a very competitive coupon and interest expense even though this year’s USD or Fed Fund Rate reference rate has risen 3 times, so that it is able to support PLN’s efforts to continue to provide electricity to the public at a rateaffordable.(Team).