State-owned electricity firm Perusahaan Listrik Negara (PLN) has on May 16, 2018 issued global bonds worth US$2 billion and the offering was oversubscribed by 3.65 times. The bonds has tenor of 10 years and 30 years carrying annual coupon rates at 5.45% and 6.15%. The bonds aim for reducing refinancing risk (liquidity management) and for debt re-profiling, to buy back PLN’s global bonds issued in 2007 and 2009 which will be due in August 2019 (with 8% coupon rate), January 2020 (7.75%), and June 2037 (7.87%). PLN global bonds is listed on Singapore Stock Exchange (SGX).To subscribe please click here