Bakrie Telecom has issued another US$130m worth of senior unsecured notes, reopening its 11.5% bonds due 2015.
The notes were priced at 107 to yield 9.463%. Fitch assigned an expected ‘B’ rating to the offering. Credit Suisse and Morgan Stanley acted as…
Bakrie Telecom has issued another US$130m worth of senior unsecured notes, reopening its 11.5% bonds due 2015.
The notes were priced at 107 to yield 9.463%. Fitch assigned an expected ‘B’ rating to the offering. Credit Suisse and Morgan Stanley acted as joint bookrunning managers for the sale.
The new offering brings the size of the 2015 bonds to US$380m. The proceeds will be used to refinance bank loans, trade payables and for capex as well as other general corporate purposes.
