Indonesian satellite and telecoms operator Indosat aims to issue notes worth around Rp2.5trn (US$197.5m) before the end of Q3 in the second stage of its two-year bond programme.
The first Rp2.5trn of the Rp10trn scheme was issued in December, and a…
Indonesian satellite and telecoms operator Indosat aims to issue notes worth around Rp2.5trn (US$197.5m) before the end of Q3 in the second stage of its two-year bond programme.
The first Rp2.5trn of the Rp10trn scheme was issued in December, and a spokesman said the proceeds will go towards refinancing a US$650m bond this year that is due in 2020.
BCA Sekuritas, DBS Vickers Securities Indonesia, Danareksa Sekuritas, HSBC Securities Indonesia and Mandiri Sekuritas are underwriters for the new bond programme
The spokesman said Indosat is also part way through securing a US$450m revolving credit facility through a bilateral agreement with several banks.
