Antam launches as PGN prices

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.