Pertamina closes on Jambaran-Tiung Biru financing

State-owned Pertamina EP Cepu (PEPC) has raised $1.846 billion of 10- and 15-year debt from a consortium of 12 banks to finance the Jambaran-Tiung Biru project (JTB) in Indonesia.The deal is a hybrid comprising conventional and Islamic financing under a trustee borrowing scheme. MUFG is financial...