Indonesian telecoms and satellite operator Indosat has submitted proposals to several lenders in order to secure a loan.
The company has not revealed how much it is looking to raise but Indosat has about Rp1trn (US$84.3m) worth of debt due in the second…
Indonesian telecoms and satellite operator Indosat has submitted proposals to several lenders in order to secure a loan.
The company has not revealed how much it is looking to raise but Indosat has about Rp1trn (US$84.3m) worth of debt due in the second half of the year, a spokesperson said.
The operator also plans to spend up to Rp9trn (US$759m) to modernise its network.
Separately, Indosat may issue a rupiah-denominated bond this year to refinance US$650m of notes due 2020 and for general purposes, the spokesperson added.
In mid-June, the company borrowed Rp700bn (US$59m) from Bank Negara Indonesia to fund its capex and for debt refinancing.
Indosat is Indonesia’s third-largest mobile operator in an eight-player market.
