Indonesia tower operator debuts $300m bond

Solusi Tunas Pratama is the second Indonesian tower operator to sell a dollar note in just over a week as the sector continues to consolidate.

Indonesia tower operator debuts $300m bond

Solusi Tunas Pratama STP sold a $300 million five-year non-call three bond late Thursday, becoming the second Indonesian tower operator to tap international debt markets in a little over a week.

The company, the third-largest tower leasing company in Indonesia, priced the Reg S-only bond at an all-in yield of 6.25%, which is 25 basis points tighter than its initial price guidance area of 6.5%, according to a term sheet seen by FinanceAsia....

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