Pertamina Seeks US$4bn Proceeds from Global Bonds Offering
23 October 2018 07:12 WIB
TEMPO.CO, Jakarta - State-owned oil and gas company Pertamina is planning to issue global bonds. The company is targeting an offering's proceed of US$2bn to US$4bn, which it will use as capital expenditure (capex).
"We are now doing a roadshow to meet with investors," Pertamina finance director Pahala N. Mansury said on Monday, October 22.
Separately, the SOE Ministry's deputy for business restructuring and development Aloysius Kiik Ro said that Pertamina had kicked off its roadshow. The bonds proceeds, Aloysius said, will be used to finance the company's projects.
Some of Pertamina`s future plans include business expansions, the constructions of new oil refineries as well as revitalizing old ones.
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