JAKARTA, Feb 14 (Reuters) - Indonesia's Pertamina
Geothermal Energy, a unit of state energy company Pertamina , is considering issuing green bonds to help fund its
expansion following an initial public offering, its spokesperson
said on Tuesday.
The company's IPO scheduled this month has a top end price
range of between 875 rupiah and 880 rupiah a piece valuing it at
up to 9.11 trillion rupiah ($599.74 million), the largest in
Indonesia in almost a year after the $1.1 billion listing of
tech firm GoTo in April.
Muhammad Baron, Pertamina Geothermal Energy's spokesperson,
said green bonds were among the funding mechanisms that the
company is considering and "reviewing internally."
Bisnis.com cited the company's director of finance as saying
on Monday that the company planned to issue green bonds
"shortly".
He did not specify the size of the bond issue.
The company's IPO comes as Pertamina aims to double its
geothermal capacity by 2027-2028, which may cost an estimated $4
billion.
Pertamina Geothermal is selling 10.35 billion shares, or 25%
of the enlarged share capital. Most of the IPO proceeds will be
invested into expanding capacity of its working geothermal
areas, its prospectus said.
The public offering is scheduled for Feb. 20-22.
($1 = 15,190.0000 rupiah)
(Reporting by Bernadette Christina; Writing by Stanley
Widianto; Editing by Ed Davies)
