{
    "success": true,
    "data": {
        "id": 1349659,
        "msgid": "excelcomindo-may-trim-bonds-size-1447893297",
        "date": "2003-10-01 00:00:00",
        "title": "Excelcomindo may trim bonds size",
        "author": null,
        "source": "DJ",
        "tags": null,
        "topic": null,
        "summary": "Excelcomindo may trim bonds size JAKARTA: Indonesia's third-largest cellular operator PT Excelcomindo Pratama has finalized the coupons on its local bond, but the company may cut the size slightly due to tepid demand, a banker familiar with the deal said on Tuesday. The five-year bond, which will be issued at par, will be split into two tranches. The coupon on the first tranche is 14.25 percent, which is at the upper end of the 13.75-14.25 percent indicative range, the banker told Dow Jones.",
        "content": "<p>Excelcomindo may trim bonds size<\/p>\n<p>JAKARTA: Indonesia's third-largest cellular operator PT<br>\nExcelcomindo Pratama has finalized the coupons on its local bond,<br>\nbut the company may cut the size slightly due to tepid demand, a<br>\nbanker familiar with the deal said on Tuesday.<\/p>\n<p>The five-year bond, which will be issued at par, will be split<br>\ninto two tranches. The coupon on the first tranche is 14.25<br>\npercent, which is at the upper end of the 13.75-14.25 percent<br>\nindicative range, the banker told Dow Jones.<\/p>\n<p>The second tranche will carry a 14.25 percent coupon for the<br>\nfirst two years, and then 500 basis points above the rate on Bank<br>\nIndonesia's three-month SBI notes for the remaining three years.<br>\nThe company, however, set the floor for the coupon at 11 percent<br>\nand the ceiling at 17 percent.<\/p>\n<p>The company managed to attract \"just enough subscriptions\" at<br>\nthe recent bookbuilding, the banker said.<\/p>\n<p>As a result, the issue size may be cut to around Rp 1 trillion<br>\nrupiah (US$119 million) from the original plan of Rp 1.25<br>\ntrillion, he added.<\/p>\n<p>Excelcomindo is expected to decide the total issue and tranche<br>\namounts later Tuesday. -- Dow Jones<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/excelcomindo-may-trim-bonds-size-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}