PGN prices high yield bond

Indonesian corporate struggles with difficult markets and ambitious pricing targets.
February 11, 2004

A few days later than expected, Indonesian gas T&D company, Perusahaan Gas Negara (PGN) priced a downsized $125 million high yield bond on Friday. The 10p7 issue was led by the company's house bank Credit Suisse First Boston and follows a debut $150 million in September last year.

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