Indonesia's Pertamina Geothermal narrows price range for IPO

Indonesia's Pertamina Geothermal narrows price range for IPO

PHILE PHOTO: A view of state-owned oil giant Pertamina's refinery unit IV in Cilacap, Central Java, Indonesia January 13, 2016. REUTERS/Darren Whiteside/File Photo

Indonesia’s Pertamina Geothermal Energy, a unit of state energy company Pertamina, has narrowed the price range for its initial public offering (IPO), according to a term sheet seen by Reuters on Friday.