Indosat plans to market global bond

Indosat plans to market global bond

JAKARTA: PT Indosat plans to start marketing its U.S. dollar-
denominated bond to overseas investors early next month, via
roadshows in the world's top financial centers, company president
Widya Purnama said on Thursday.

The country's second-largest telecommunications company hasn't
yet decided how much bonds it's going to sell.

"But if we get a good (credit) rating, we may be able to issue
up to US$300 million," company president Widya Purnama said.

He said company officials, together with lead underwriters,
ING, Goldman Sachs and Barclays Capital, will meet investors in
Singapore, Hong Kong, London and New York.

Besides the international issuance, Indosat is also in the
process of selling Rp 1.25 trillion ($149 million) of local bonds
to refinance some of its $900 million debt later this year. -- JP