Sunday, June 15, 2008

Indonesia's Indosat agrees $450 mln syndicated loans

Indonesia's second-largest mobile phone operator, PT Indosat Tbk , has agreed $450 million in syndicated loans for capital spending as its seeks to improve its network in Java island and expand outside.
Indosat, which announced the loans in a statement, plans up to $1.2 billion capital spending this year.
ING Bank N.V. and DBS Bank Ltd are the lead arrangers and bookrunners for the syndicated loans, which mature in five years.

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