PEFINDO affirms ratings on PPLN's bond, sukuk
Tuesday, December 27 2022 - 08:18 AM WIB
(December 26, 2022)--PEFINDO has affirmed its idAAA rating for Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara (PPLN)’s Shelf-Registered Bond II Phase III Year 2018 Series A of IDR457 billion and idAAA(sy) rating for PPLN’s Shelf-Registered Sukuk Ijarah II Phase III Year 2018 Series A of IDR104 billion, both of them will be due on February 22, 2023.
The Company plans to use its internal fund to pay the maturing bond and sukuk ijarah. As of September 30, 2022, PPLN had cash and cash equivalent of IDR24.8 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)