The Jakarta-based company's debt was reduced to 1.25

Fri, 30 Jan 2004 | Source: Bloomberg

The Jakarta-based company's debt was reduced to 1.25 trillion rupiah ($148 million) and $350 million after the payment, the company said.

Excelcomindo sold $350 million of bonds earlier this month in its first overseas debt sale. Credit Suisse First Boston, Morgan Stanley and UBS AG arranged the sale.

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