Indonesia’s Pertamina Seeks $700 Million Loan to Build Vessels
A Pertamina liquefied petroleum gas tanker at the port of Tanjung Priok in Jakarta, Indonesia.
Photographer: Dimas Ardian/BloombergIndonesia’s state-owned oil giant PT Pertamina and its shipping arm are seeking an offshore loan of about $700 million for the construction of vessels, according to people familiar with the matter.
Pertamina sent a request for proposals to banks for the loan in recent weeks, seeking a tenor of around ten years, the people said, who asked not to be named discussing private matters. The company and Pertamina International Shipping will be the borrowers of the proposed facility, they added.