We hope this to give positive effect on business expansion ahead ..."Jakarta (ANTARA News) - Publicly traded telecommunications operator PT Indosat has launched a public offering for conventional and sharia bonds in rupiahs valued at Rp3 trillion.
The new bond issues are the first part of series of bonds to be issued to raise funds to repay loan debts used earlier to finance business expansion," its President Director and CEO Alexander Rusli said in a statement here on Friday.
The bond funds are needed for the companys long term financing program and to improve its capital structure and debt profile, Alexander said.
"We hope this to give positive effect on business expansion ahead and to allow us to focus more on providing the best service for the subscribers," he said.
The conventional bonds worth Rp2.7 trillion ranging in coupon rates from 6.85 percent to 9.45 percent to be repayable in 370 days to 10 years.
The sharia bonds are valued at Rp300 billion ranging in coupon rate from 6.85 percent to 9.45 percent to be repayable in 370 days to 10 years.
The Fitch rating agency gave the AAA (Triple A) rating on both the conventional and sharia bonds.
The initial offering will be from April 27 to May 10 this year and they would be listed ion the Indonesian Stock Exchange on June 2 this year.
The underwriters would be PT Mandiri Sekuritas, PT BCA Sekuritas, PT Danareksa Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas and PT CIMB Sekuritas Indonesia.
(Uu.H-ASG/F001)
Editor: Priyambodo RH
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