Indosat goes to bond market to fund expansion plans

18 Apr 2012

Indonesia’s second largest telecoms operator by subscribers and revenue, PT Indosat, has revealed that it will sell IDR2.5 trillion (USD272 million) in bonds this year to help finance its ongoing business expansion and to refinance debt. The telco, which boasted 51.712 million mobile users at the end of 2011, plans to sell fixed-rate conventional bonds and Islamic bonds, it said in a statement published yesterday. The carrier has selected DBS Vickers Securities Indonesia, Danareksa Sekuritas, HSBC Securities Indonesia, Mandiri Sekuritas and Standard Chartered Securities Indonesia as financial advisers for the sale. The bonds will mature in ten years.

Indonesia, Indosat Ooredoo (incl. IM2)