New Issue: Indonesia’s Pertamina sells $1.9 billion senior notes due 2026, 2031

By Marisa Wong

Los Angeles, Feb. 9 – PT Pertamina (Persero) issued $1 billion of 1.4% senior notes due 2026 and $900 million of 2.3% senior notes due 2031 on Tuesday, according to notices.

BNP Paribas, Citigroup Global Markets Inc., Credit Agricole CIB, Mandiri Securities Pte. Ltd., MUFG Securities Asia Ltd., SMBC Nikko Capital Markets Ltd. and Societe Generale are joint lead managers and joint bookrunners for the Regulation S and Rule 144A notes (Baa2//BBB).

The state-owned oil and gas company is based in Jakarta, Indonesia.

Issuer:	PT Pertamina
Issue:	Senior notes
Amount:	$1.9 billion
Bookrunners:	BNP Paribas, Citigroup Global Markets Inc., Credit Agricole CIB, Mandiri Securities Pte. Ltd., MUFG Securities Asia Ltd., SMBC Nikko Capital Markets Ltd. and Societe Generale
Settlement date:	Feb. 9
Ratings:	Moody’s: Baa2
	Fitch: BBB
Distribution:	Regulation S and Rule 144A
2026 notes
Amount:	$1 billion
Maturity:	Feb. 9, 2026
Coupon:	1.4%
2031 notes
Amount:	$900 million
Maturity:	Feb. 9, 2031
Coupon:	2.3%

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