Indosat launches tender offers for 2010 and 2012 bonds

Two subsidiaries of the Indonesian mobile operator Indosat launch separate and independent tender offers in combination with a new 10-year issue.

Two subsidiaries of Indonesian telecom services provider Indosat -- Indosat Finance Company and Indosat International Finance Company -- have launched separate and independent tender offers to buy the remainder of Indosat Finance's 7.75% bonds due in 2010 and Indosat International's 7.125% bonds that are set to mature in February 2012. The bonds have $234.7 million and $109.4
million left outstanding, respectively.

Aside from the conditional tender, the transaction also includes a consent solicitation and a new issue...

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