Pertamina plans to raise $5 billion through sale of dollar denominated bonds during 2013. The company will utilise the sale proceeds to fund its capital requirements. In the past, the company has raised $1.5 billion (2011) and $2.5 billion (2012). For the transaction, Pertamina has appointed Barclays Capital, RBS, and Citigroup as the lead arrangers, while Mandiri Sekuritas has been appointed as the co-arranger. The planned bonds have been assigned a rating of Baa3 by Moody’s Investors Service, Inc.
