PT Telkom plans dollar benchmark

Indonesia''s domestic fixed line operator lays ambitious plans to access the international bond markets.

The company held beauty parades earlier this week to appoint ratings advisors and lead managers for what is said to a $300 million to $500 million financing. About a dozen international and local banks had previously been sent an RFP Request for Proposals to suggest possible structures and maturities for a dollar bond, which may also yet be complemented by a small domestic issue as well.

Clear favourite to win the mandate has to be Salomon Smith Barney, which has...

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