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Article: Indosat to issue bonds valued at Rp 1 trillion to finance expansion of cellular phone business. (Finance And Banking).
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- October 22, 2002
CopyrightCOPYRIGHT 2002 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The state-owned telecommunications service provider PT Indosat plans to issue bonds valued at Rp 1 trillion to expand its business in cellular phone under its subsidiaries Satelindo and Indosat Multi Media Mobile (IM3). The second bonds for 20002 will carry a fixed interest rate and floating interest rate for five years to fall due in 2007. Indosat will list the bonds on the Surabaya Stock Exchange on Nov. 8 and initial offer will be take place from Sept 25 to Oct. 15. 2002.
At the same time Indosat will issue Islamic bonds called Syariah Mudharabah Indosat bonds valued at Rp 100 billion. The fund to be raised from the Islamic bonds will be used to strengthen its ...