Indonesian cellular network operator PT Indosat has submitted proposals to several lenders seeking loans totalling $850 million, said Investor Relations Officer Andromeda Tristanto.
PT Indosat also aims to issue rupiah-denominated bonds worth $650 million by the end of this year. The firm will use the funds to refinance bonds worth $650 million due in 2020 and to finance next year’s capital expenditure. (Kontan)
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Prateek Chatterjee)