Mar 27, 2012

Indosat to issue Rp3 trillion bonds

Indonesia's second largest cellular operator PT Indosat Tbk (ISAT), that is controlled by Qatar Telecom, is planning to issue Rp3 trillion bonds.
According to a source, Indosat has mandated PT Standard Chartered Securities Indonesia, PT HSBC Securities Indonesia, PT DBS Securities Indonesia, PT Mandiri Sekuritas, and PT Danareksa Sekuritas.
"The document will be submitted to Bapepam-LK next week. The size may exceed Rp1 trillion," the source said.
Indosat plans to spend capital expenditure of US$500 million-US$600 million this year to expand its business.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: