New Issue-Indosat Palapa sells $650 mln in notes
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