PLN Offers 7.2% – 8.5% Coupon

Perusahaan Listrik Negara (PLN) holding continuous public offering (PUB) of bonds and Sukuk Ijarah II worth IDR10trn in total. During the stage one, the company will release IDR1.6trn bonds and IDR400bn Sukuk Ijarah II. The company offers 7.2%-7.7% coupon rate for A series (5-Years); 7.55%-8.1% for B series (7-Years); and 7.95%-8.5% for C series (10-Years). Both the bonds and Sukuk Ijarah II have been rated AAA from PT Pemeringkat Efek Indonesia (Pefindo). The book building will be held on 6-15 June 2017. The company will use the fund from the bonds and Sukuk issuance for company’s investment needs in term of developing electricity infrastructure in Indonesia.

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