July 3 (Reuters) - Indonesian gas utility company PT Perusahaan Gas Negara (Persero) Tbk <PGAS.JK> finance director Reza Pahlevy told reporters::INDONESIA'S PERUSAHAAN GAS NEGARA (PGN) SEEKS FINANCING OF 10-11 TRILLION RUPIAH ($761.25 MLN) TO HELP FINANCE PERTAGAS ACQUISITION .TOTAL VALUE OF PERTAGAS ACQUISITION IS 16.6 TRILLION RUPIAH.PGN TO BECOME THE GAS "SUB-HOLDING" COMPANY UNDER PERTAMINA nL3N1RO4D3.
PT Perusahaan Gas Negara (Persero) Tbk:Says its FY 2015 cash dividend of 91.32 rupiah per share will be paid on May 12 with record date of April 20.Says that it has appointed Fajar Harry Sampurno as the new President Commissioner, replacing Iman Sugema effective April 8.
PT Perusahaan Gas Negara (Persero) Tbk:Says its FY 2014 cash dividend of 144.84 rupiah per share will be paid on May 8 with record date of April 16.Says it has appointed Iman Sugema as the new President Commissioner, replacing Bayu Krisnamurthi, effective April 6.
PT Perusahaan Gas Negara (Persero) Tbk:PT Gagas Energi Indonesia (GEI), company's subsidiary, will develop 16 gas filling stations in eight cities across Indonesia-The Jakarta Post.GEI will invest $35.2 mln for the construction of gas stations in Batam (Riau Islands), Bekasi, Bogor, Purwakarta and Sukabumi (West Java), Jakarta, Lampung and Surabaya (East Java).
PT Perusahaan Gas Negara (Persero) Tbk:Secures $650 mln syndicated loan with five-year tenure from Australia and New Zealand (ANZ) Banking Group Ltd, The Bank of Tokyo-Mitsubishi UFJ Ltd and Citigroup Global Markets Singapore Pte-Kontan.Funds will finance its natural gas projects.
PT Perusahaan Gas Negara (Persero) Tbk:Seeks syndicated loans with five-year tenure totaling to $650 mln to finance its expansion-Bisnis Indonesia.Invites three banks to join the syndication, including ANZ, Bank of Tokyo-Mitsubishi UFJ, Citigroup, HSBC and Sumitomo Mitsui Banking Corp.
PT Perusahaan Gas Negara (Persero) Tbk:Plans to issue bonds worth $1 bln to $1.3 bln, with a 10-year tenure in the first half of this year to finance expansion-Bisnis Indonesia.Appoints three foreign banks, including Standard Chartered Bank and ANZ Bank, and two local securities firms, PT Bahana Securities and PT Danareksa Sekuritas, as underwriters.
PT Perusahaan Gas Negara (Persero) Tbk:Says its FY 2013 total dividend of 5,100,024,084,438 rupiah or 210.40 rupiah per share will be paid on May 19 with record date of May 2.
PT Perusahaan Gas Negara (Persero) Tbk:PT Bakrie & Brothers Tbk and the company will start this month the construction of 200-kilometer submarine gas pipeline to transmit gas from Kepodang field in Muria gas block, Jepara to Tambak Lorok combined-cycle power plant in Semarang, Central Java-The Jakarta Post.Construction of undersea pipeline will cost about 2.75 tln rupiah ($240 mln).Pipeline is expected ready to deliver gas to the power plant starting Aug. 2015.
Reuters reported that Moody's Investors Service has upgraded the rating of PT Perusahaan Gas Negara (Persero) Tbk (PGN) to Baa3 from Ba1. According to Moody's practice with investment-grade ratings, the corporate family rating of PGN has been withdrawn and simultaneously replaced with an issuer rating. The rating outlook is revised to stable from positive. PGN's Baa3 rating reflects the application of Moody's rating methodology for government-related issuers (GRIs), updated in July 2010, and which combines the Company's standalone credit quality, or baseline credit assessment (BCA) of baa3; and Moody's assessment of the credit support that the government of Indonesia (Baa3 stable) is likely to provide in a situation of stress. "The rating upgrade is mainly driven by PGN's pricing power with a track record of cost pass through, favorable industry dynamics that offer growth potential, and a solid financial profile that is constrained by upstream business expansion," says Ray Tay, a Moody's Associate Vice President and Analyst.