By Paul A. Harris
St. Louis, Jan. 12 - PT Excelcomindo Finance Co. BV priced a $250 million issue of 7 1/8% seven-year global notes (B1/BB-) at 99.323 on Thursday to yield 7¼%, according to an informed source.
The yield came at the tight end of the 7¼% to 7 3/8% price talk, which had been revised from the 7½% area.
CIMB, JP Morgan and UBS were joint bookrunners for the Rule 144A and Regulation S issue.
Proceeds will be used to fund capital expenditures.
The issuer is a wholly owned subsidiary of Indonesian cellular telephone operator PT Excelcomindo Pratama Tbk.
| Issuer: | PT Excelcomindo Finance Co. BV
|
| Amount: | $250 million
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| Maturity: | Jan. 18, 2013
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| Bookrunners: | CIMB, JP Morgan, UBS
|
| Coupon: | 7 1/8%
|
| Price: | 99.323
|
| Yield: | 7¼%
|
| Call premiums: | Callable after Jan. 18, 2010 at 103.563, 102.375, 101.188
|
| Trade date: | Jan. 12
|
| Settlement date: | Jan. 18
|
| Ratings: | Moody's: B1
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| Standard & Poor's: BB-
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | 7¼%-7 3/8% (revised from 7½% area)
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