Pertamina back with $500 million 30-year bond

Indonesian oil and gas company Pertamina returns with a $500 million 30-year bond driven by reverse enquiries.

Pertamina back with $500 million 30-year bond
One of Pertamina's geothermal plants; part of Indonesia's plan to tap the vast power of its volcanoes (AFP)

Just three days after printing its debut $1 billion 10-year international bond, Indonesian oil and gas company Pertamina returned to the market with a long-dated issue. Late on Friday night, the state-owned company priced a $500 million 30-year bond after investors showed interest in a longer deal.

“There was quite a bit of unfilled demand from the first bond and a few reverse enquiries,” said one banker close to the deal. “A number of companies...

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