Excelcomindo makes high yield debut

Joint leads Credit Suisse First Boston, Morgan Stanley and UBS priced an upsized $350 million bond issue for PT Excelcomindo Pratama yesterday (Thursday). The deal initially had a base size of $250 million, but was increased on the back of a $1.3 billion order book and now tops rival Indosat's $300 million offering as the largest from the country in over seven years.