New Issue-Indosat Palapa sells $650 mln in notes

Thu Jul 22, 2010 5:20pm EDT

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 July 22 (Reuters) - Indonesia's Indosat Palapa Co BV on
Thursday sold $650 million of senior notes in the 144a private
placement market, a market source said.
 The notes are guaranteed by PT Indosat Tbk (ISAT.JK).
 Citigroup, Deutsche Bank, HSBC, and RBS were the joint
bookrunning managers for the sale.
BORROWER: INDOSAT PALAPA CO BV
AMT $650 MLN      COUPON 7.375 PCT    MATURITY 7/29/2020 
TYPE SR NTS       ISS PRICE 99.478    FIRST PAY 1/29/2011
MOODY'S Ba1       YIELD 7.45 PCT      SETTLEMENT 7/29/2010
S&P DOUBLE-B      SPREAD 452.2 BPS    PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS    MORE THAN TREAS    NON-CALLABLE 5 YRS 

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