PEFINDO affirms idAAA rating for PLN's bonds
Tuesday, August 30 2022 - 10:27 AM WIB
(August 29, 2022)--PEFINDO has affirmed its idAAA rating for Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara (PPLN)’s Shelf-Registered Bond II Phase II Year 2017 Seri A of IDR451.5 billion and idAAA(sy) rating for PPLN’s Shelf-Registered Sukuk Ijarah II Phase II Year 2017 Seri A of IDR83.5 billion, both of them will be due on November 3, 2022.
The Company plans to use its internal fund to pay the maturing bond and sukuk ijarah. As of June 30, 2022, PPLN had cash and cash equivalent of IDR28.4 trillion.
PPLN is a wholly owned state company engaged in the generation, transmission, and distribution of electricity throughout the country. It is the only integrated electricity producer in Indonesia, with an installed capacity of 45,831 megawatts (MW) (including rental) at the end of 2021. (ends)