Indonesian phone operator plans bond deal

Indonesia''s international call operator Indosat will use proceeds from a corporate bond deal to fund expansion plans.

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...

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