Antam launches as PGN prices

PGN hits its aggressive pricing targets by shifting towards domestic demand and scaling back the issue size.

Credit Suisse First Boston priced a $150 million high yield deal for Indonesian gas transportation company, PT Perusahaan Gas Negara PGN yesterday Wednesday. Having been launched on a base deal size of $150 million, the transaction was not increased to the $200 million level originally flagged to the market and closed about one-and-a-half times covered with a strong local flavour.

About 50 accounts participated, with no individual order topping $25 million. Unsurprisingly, Indonesia accounted for two-thirds of...

To continue reading, please login or register for free

Click for more on: antam | launches | pgn | prices

Print Edition

FinanceAsia Print Edition

CONFERENCES