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New Issue-Indosat Palapa sells $650 mln in notes
July 22, 2010 / 9:22 PM / 7 years ago

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   

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