Indonesian towerco Sarana Menara Nusantara (SMN) has hired banks to run a series of investor meetings ahead of a potential Singapore dollar-denominated bond offering.
DBS Bank and Oversea-Chinese Banking Corp have been appointed as joint lead managers…
Indonesian towerco Sarana Menara Nusantara (SMN) has hired banks to run a series of investor meetings ahead of a potential Singapore dollar-denominated bond offering.
DBS Bank and Oversea-Chinese Banking Corp have been appointed as joint lead managers and bookrunners for the senior unsecured notes, which would be issued through its Protelindo Finance unit.
SMN CEO Adam Gifari has been cited saying the notes will come with 10-year maturities, and the proceeds will be used for refinancing debt and buying shares in Protelindo Towers.
Protelindo was established in 2003 and the group now claims to be the largest independent owner of telecom towers in Indonesia with more than 11,200 sites.
The company said it expected the bonds to be rated AA by Standard & Poor’s.
