Telkomsel launches roadshows

Presentations begin on Monday for a surprise $100 million bond issue via UBS Warburg.

Indonesia's dominant cellular operator announced plans yesterday for two international bond issues and an important piece of MA, which will see strategic investor SingTel increase its stake in the company from 22% to 35%.

Somewhat bizarely officials said that JPMorgan has been mandated for a $100 million to $150 million five-year bond issue for the parent, PT Telkom, while UBS Warburg will lead a $100 million deal for cash cow, PT Telkomsel. Few knew that Telkomsel was...

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