By Aaron Hochman-Zimmerman
New York, Aug. 3 - PT Perusahaan Listrik Negara priced a $750 million offering of 10-year bonds (Ba3//BB-) Monday at 99.155 with a coupon of 8% to yield 8 1/8%, according to a market source.
Barclays Capital Inc. and UBS acted as bookrunners for the deal.
PLN is a Jakarta-based state-owned electricity utility.
| Issuer: | PT Perusahaan Listrik Negara
|
| Issue: | Global bonds
|
| Amount: | $750 million
|
| Maturity: | 2019
|
| Bookrunners: | Barclays Capital Inc., UBS
|
| Coupon: | 8%
|
| Price: | 99.155
|
| Yield: | 8 1/8%
|
| Pricing date: | Aug. 3
|
| Settlement date: | Aug. 7
|
| Ratings: | Moody's: Ba3
|
| Fitch: BB-
|
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