PT Indosat, Indonesia's state-owned international call operator, has announced details of a planned bond issue. Andalan Artha Advisindo, Danareska Securities, Deutsche Securities and Trimegah Securities have been chosen to underwrite the Rp1.5 trillion $159.7 million deal.
The initial offering process began on February 12 and will go on until March 7. The public offering for the bonds will take place from April 3 to April 5 and the issue will be listed on the Surabaya Stock Exchange on April 17.
The five-year bonds rated AA-plus by Pefindo Pemeringkat Efek Indonesia, will be split into two tranches. The first will pay a fixed rate coupon of between 17.5%-18.5% up to maturity. The...
