Indonesia's Excelcomindo revises price talk on $250 million seven-year notes to 7¼%-7 3/8%

By Paul A. Harris

St. Louis, Jan. 11 - Excelcomindo Finance Co. BV has revised the price talk on its $250 million offering of seven-year global notes to 7¼% to 7 3/8% from the 7½% area, according to a market source.

Pricing is expected on Thursday.

CIMB, JP Morgan and UBS Investment Bank are joint bookrunners for the Rule 144A and Regulation S offering.

The notes come with four years of call protection.

Proceeds will be used to fund capital expenditures.

Moody's Investors Service assigns its B1 rating to the notes. Standard & Poor's rates the notes BB-.

The prospective issuer is a wholly owned subsidiary of Indonesian cellular telephone operator PT Excelcomindo Pratama Tbk.

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