The implementation of the Corporate Social Responsibility (CSR) program is one implementation concept of good corporate governance. Good corporate governance regulates the relationships of all stakeholders that can be fulfilled proportionally, avoid mistakes in corporate strategy and ensures that mistakes can be corrected immediately. PT. PLN (Persero) is a State-Owned Company (BUMN), a company engaged in the electric energy has a commitment to improve the quality of people's lives through electricity and make electricity as a driving force for economic activities and environmentally sound businesses. PLN business objectives will be achieved if the Company is able to maintain a balance of economic, social and environmental performances. The obtained economic value is eligible for the benefits of the community, the environment, employees and customers, through quality and sustainable social and environmental responsibility programs Social responsibility programs that meet people’s needs, improve living standards and expand employment opportunities, positive interaction between PLN and the community will increase their sense of belonging and help maintain PLN installations in their residential areas.

The volume of corporate bond issuance in Indonesia has fluctuated from 2015-2020 following the economic developments. The Covid 19 pandemic in 2020 caused declining in companies issuing bonds. The pandemic led a big impact on the bond market. Low key interest rates decrease the return obtained in bond investment. The economic slowdown has pushed the central bank of Indonesia cut the key rates from 5% to 3.75% in 2020. The lower key rates will cause an increase in bank loans then the government can control economic growth and inflation rate. Partially, the study aims to analyze the effect of the current ratio, debt to equity, return on assets, total assets, and maturity on the yield to maturity of bonds traded on the Indonesia Stock Exchange (IDX) in 2020. Quantitative methods with an associative approach are used as research methods. 302 corporate bonds issued by 69 companies took into a sample in this study. The sampling method used purposive judgment sampling. Data analysis of the proposed hypothesis used the multiple linear regression method by using the SPSS version 24 program. The research found that there was a significant effect among the return on assets, total assets, and maturity variables on the bond’s yield. However, the current ratio and debt to equity variables were found to have no effect on the yield to maturity of all corporate bonds traded on the IDX in 2020.

Sesuai Undang-undang Nomor 30 Tahun 2009 tentang ketenagalistrikan serta Anggaran Dasar Perusahaan, secara garis besar kegiatan usaha PLN meliputi : 1. Menjalankan usaha penyediaan tenaga listrik yang terdiri dari pembangkitan, penyaluran, distribusi, perencanaan, pengembangan dan penjualan, 2. Menjalankan usaha penunjang yaitu konsultansi ketenagalistrikan, 3. Kegiatan-kegiatan lainnya antara lain pengelolaan dan pemanfaatan SDA dan sumber energi lainnya, jasa operasi, industri perangkat keras dan lunak dan lainnya. Sebagai satu-satunya perusahaan penyedia listrik di Indonesia, dengan lebih dari 53.000 jumlah pegawai, maka dalam mengelola perusahaan sebesar PLN dibutuhkan suatu pedoman yang mengatur cara melakukan bisnis yang mencakup seluruh aspek yang berkaitan dengan individu, perusahaan dan masyarakat. Pada tahun 2005, Perusahaan mengeluarkan Standar Etika Perusahaan atau Pedoman Perilaku/Code of Conduct (CoC) sebagai panduan bagi seluruh insan PLN untuk senantiasa berperilaku profesional dan menjunjung tinggi integritas di lingkungan kerjanya. Pedoman perilaku ini wajib dilaksanakan oleh seluruh pegawai PLN dan anak perusahaan termasuk Direksi dan Dewan Komisaris, Investor, Mitra kerja, Pemerintah/DPR, masyarakat, media, organisasi, profesi/instiusi pendidikan, penegak hukum.  Sosialisasi Pedoman Perilaku dilakukan terus menerus untuk menjadikannya sebagai budaya perusahaan. Budaya perusahaan akan mendorong perilaku etis yang dapat menimbulkan rasa saling percaya antar PLN dan Stakeholders.