Telekom Malaysia sent out an RFP request for proposals this Monday seeking $300 million to $400 million in bridge financing ahead of a benchmark bond issue, likely to be launched early in the autumn. This marks the second RFP from the group, which had requested banks to submit proposals for a bond issue only a few weeks before.
Proceeds will be used to fund the group's prospective acquisition of an Indian cellular company, Idea. Telekom is hoping to buy up to 49% of the ATT, Birla and Tata owned group through a JV with Singapore Technologies Telemedia STT.
Bankers say Telekom also has a $200...
