Indonesia's PLN taps investor demand for long bonds

Meanwhile, Thai energy company PTT is rumoured to be ready to launch a $1 billion 10- and 30-year bond as early as today.

Indonesia's PLN taps investor demand for long bonds
Looking to the horizon: Long-dated bonds are in demand

Indonesian state-owned power company Perusahaan Listrik Negara PLN closed a $1 billion 30-year bond early Wednesday morning, demonstrating robust investor appetite for long-dated bonds.

The company, which is wholly owned by the Indonesian government, gathered an order book of $11.5 billion and succeeded in re-pricing its secondary curve.

Following hot on its heels, Thai corporate PTT is rumoured to be looking at a 10- and 30-year dual tranche bond to raise about...

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