Jan 18, 2011

Indosat ready to pay Rp1.1 trio bonds

Indonesia's second largest cellular operator PT Indosat Tbk (ISAT) is ready to pay Rp1.1 trillion bonds this year.
The operator has two series of bond which will mature this year.
A Rp815 billion conventional bond and another Rp285 billion sukuk ijarah bond, maturing on June 21 2011.
"Our internally generated cash flow is sufficient to meet the obligations," said Indosat President Director Harry Sasongko as quoted by Kontan daily today. As of September 2010, Indosat recorded Rp6.2 trillion cash equivalents, a 177% rise from a year earlier.

Disclosure: No position at the stock mentioned above.  

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