By Romel S. Gurky
IDX-listed geothermal firm PT Pertamina Geothermal Energy Tbk (IDX: PGEO) reported on Friday that it has completed a roadshow for the issuance of US$400 million green bonds.
The Company said in a filing with the IDX that the bond, which will be due 2028, will carry an interest of 5.15 percent per annum and will be listed on the Singapore Exchange Securities Trading Limited.
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The Notes are rated Baa3 (Stable) from Moody's and BBB- (Stable) from Fitch.
The net proceeds of the issuance of the Notes will be used by the Company to repay in full the remaining outstanding obligation which will be due on 23 June 2023.
Editing by Alexander Ginting
