Thursday, February 18, 2010

Indosat appointed 5 underwriter

PT Indosat Tbk assigned five underwriters to handle the bond issuance scheme worth US$600 million-750 million this year.
There are five securities include Citi, DBS Vickers, Deutsche Bank, HSBC, and RBS will handle bond issuance of Indosat.
Formerly Indosat selected some foreign investment banks like Barclays Capital, Citi, Credit Suisse, Deutsche Bank, ING, HSBC, JP Morgan Securities, Nomura Securities, RBS, and Standard Chartered Bank.
Indosat is estimated to need some US$600-700 million capital expenditure or IDR2.52 - 6.44 trillion this year.
Indosat bonds maturing in October and November 2010 stands at IDR640 billion and US$234.75 million or totaling IDR2.84 trillion. So, the total capital expenditures and maturing bonds stood at IDR9.28 trillion. It implies that Indosat requires IDR7.04 trillion external financing.

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