Pertamina to launch $100 million bond

State oil and gas company Pertamina is planning to raise US$100 million through bond offering in the third quarter of this year, a company official said.

?We are now in the process of selecting arranger. We hope to launch the bond in Singapore or Luxemburg,? said finance director Ainun Na?im.

Ainun said the bond would be issued through its fully owned subdiary PT. Pertamina Tongkang and the proceed would be used to partly finance more oil tankers purchases.(alex)