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Protelindo issues Rp1.5trn bond for working capital

Connectivity BusinessbyConnectivity Business
October 21, 2016
in Financing
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Independent Indonesian towerco Protelindo has issued a Rp1.5trn (US$114.8m) bond under its Rp6.5trn (US$498.4m) bond programme. Fitch Ratings, which assigned the bonds an AAA national long-term rating, said in a note that the proceeds will be used for working capital.  Independent Indonesian towerco Protelindo (IDX:TOWR) has issued a Rp1.5trn (US$114.8m) bond under its Rp6.5trn (US$498.4m) bond programme. Fitch Ratings said in a note that the proceeds will be used for […]

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