Gobal rating agency Standard & Poor’s has assigned a BB+ rating to state-owned energy company Pertamina’s $1.14 billion five-year term loan facility. Pertamina sealed the loan facility with help from arrangers including the Australia and New Zealand Banking Group, DBS, the Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, BNP Paribas, Citigroup, HSBC, Mizuho Bank, Sumitomo Mitsui Banking Corporation, and the Royal Bank of Scotland. Pertamina aims to utilise the proceeds to fund its capital expenditure and working capital, and cover its expenditure for general purposes.
