By Christine Van Dusen
Atlanta, Oct. 16 - Indonesia's PT Perusahaan Listrik Negara (PLN) sold $1 billion 5¼% 30-year notes (expected rating: //BBB-) on Tuesday at 98.514 to yield 5.35%, a market source said.
The notes were talked at a yield in the 5.4% area.
Barclays and Citigroup were the bookrunners for the Rule 144A and Regulation S deal.
PLN is an Indonesian electric company.
| Issuer: | PT Perusahaan Listrik Negara (PLN)
|
| Amount: | $1 billion
|
| Maturity: | Oct. 24, 2042
|
| Description: | Notes
|
| Bookrunners: | Barclays, Citigroup
|
| Coupon: | 5¼%
|
| Price: | 98.514
|
| Yield: | 5.35%
|
| Trade date: | Oct. 16
|
| Settlement date: | Oct. 24
|
| Expected rating: Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 5.4% area
|
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