Pertamina selects lead arranger for $300m corporate loans
Tuesday, July 28 2009 - 02:21 AM WIB
State owned oil, gas firm PT Pertamina said that efforts are now underway to select an eligible lead arranger for the corporate loans that will be issued this year.
President Director Karen Agustiawan said that the company would have to decide whether it would select Mandiri Sekuritas or Citi Group.
Earlier, Pertamina plans to issue international bonds worth US$300 million to finance its capital expenditure, which reaches Rp 22 trillion (1US$ = Rp 10,125) this year.
?We will issue the bonds to cover the capital expenditure,? Pertamina Vice President Director Omar S. Anwar on July 16, 2009 (bernard)