Indosat mandates bond as PGN prepares to re-launch

Following the consolidation of its cellular subsidiary Satelindo, PT Indosat is preparing to re-finance over two thirds of its outstanding debt.

Late last week the company mandated ING and a group of local and international banks for a combined dollar and Rupiah bond issue, which it hopes to complete at the beginning of the fourth quarter. On the international side, ING - Indosat's advisor on its merger with Satelindo - will be joined by Goldman Sachs and Barclays.

Both of the latter two banks are close to Indosat's new owner, Singapore government owned ST Telemedia, which purchased a 42%...

To continue reading, please login or register for free

Click for more on: indosat | mandates | bond | pgn | prepares | relaunch

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...