Indonesia's $1 billion sukuk rides on hopes of upgrade
Indonesia's new seven-year bonds trade up initially but slip in reaction to the guidance released on PLN's bonds.
November 15, 2011
Indonesian state-owned electricity company Perusahaan Listrik Negara (PLN) early Wednesday morning priced a $1 billion 10-year bond at a yield of 5.625%, at the tight end of the 5.625% to 5.75% final guidance. Barclays Capital and Citi were joint bookrunners.
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