Pertamina Seeks $2.5 Billion Loan as Indonesia Dollar Deals Rise

Indonesia’s state-owned oil giant PT Pertamina is seeking a $2.5 billion short-term loan, according to people familiar with the matter, in what could be among the biggest dollar deals in the nation this year.

The borrower has mandated Mitsubishi UFJ Financial Group for the one-year loan for working capital purposes, the people said, asking not to be identified discussing private matters. The facility would be syndicated to the broader market at a later date, they said.