Apr 18, 2012

Indosat to launch Rp2.5 trio bonds

Indonesia second largest cellular operator PT Indosat Tbk (ISAT) plans to issue Rp2.5 trillion convensional bonds and sukuk. The bonds will offer fixed interest rate and mature in the next 10 years.
Indosat has mandated five underwriters such as PT DBS Vickers Securities Indonesia, PT Danareksa Sekuritas, PT HSBC Securities Indonesia, PT Mandiri Sekuritas, and PT Standard Chartered Securities Indonesia.
Indosat will use the proceed to support investment and debt refinancing. PT Pemeringkat Efek Indonesia has assigned idAA+ with stable outlook for the proposed bonds.

Disclosure: No position at the stock mentioned above. 

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