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.
<div style="text-align: left;">
Looking to the horizon: Long-dated bonds are in demand
</div>
<div style="text-align: left;"> Looking to the horizon: Long-dated bonds are in demand </div>

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 $1 billion, which could come to market as early as today.

Assuming PTT does launch a dual-tranche bond, other borrowers will be keen to see the size of the spread differential between...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222