A Fleeting Bond Issue

FUND managers and securities brokers, be prepared for disappointment. Your expectation of reaping benefits from the planned bond issue by PT Tongkang, a Pertamina subsidiary, won't be realized—at least for now. The new management of Pertamina has cancelled the plan originally to be realized shortly after the state oil enterprise gained the status of a limited liability company in September this year.

Proceeds from the bond issue estima

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