By Paul A. Harris
St. Louis, Jan. 16 - Excelcomindo Finance Co. BV priced an upsized $350 million offering of five-year senior bonds (B2/B+) Friday at 99.495 with an 8% coupon to yield 8 1/8%, according to an informed source.
The issue, which matures Jan. 27, 2009, was increased from a planned $250 million.
Revised price talk was in the area of 8¼%, having tightened from the 8 3/8% area.
Morgan Stanley, Credit Suisse First Boston and UBS Investment Bank ran the books on the Rule 144A/Regulation S issue.
Proceeds will be used to refinance a secured loan.
Excelcomindo is an Indonesian telecommunications company.
| Issuer: | Excelcomindo Finance Co. BV
|
| Amount: | $350 million (increased from $250 million)
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| Maturity: | Jan. 27, 2009
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| Security description: | Senior bonds
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| Bookrunners: | Morgan Stanley, Credit Suisse First Boston, UBS Investment Bank
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| Coupon: | 8%
|
| Price: | 99.495
|
| Yield: | 8 1/8%
|
| Call features: | Callable after Jan. 27, 2007 at 104.0, Jan. 27, 2008 at 102.0
|
| Pricing date: | Jan. 16
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| Settlement date: | Jan. 27
|
| Ratings: | Moody's: B2
|
| Standard & Poor's: B+
|
| Price talk: | 8¼% area (revised from 8 3/8% area)
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