Indonesian 7yr $350m B+ geo-thermal bond is 11x over-subscribed @6.125%

An Indonesian energy company, which operates one of the largest geothermal plants in Indonesia, announced today that it has raised $350m from selling 7 year dollar-denominated bonds at an interest rate of 6.125%. The bond was apparently 11 times oversubscribed! Amazing.Proceeds will go to developing independent power producer Star Energy’s …