By Paul A. Harris
St. Louis, Oct 29 - Indosat Finance Co. BV priced $300 million of bonds due Nov. 5, 2010 (B2/B+) at par Tuesday to yield 7¾%, according to a market source.
Price talk was for a yield of 7½%-8%.
ING, Barclays Capital and Goldman Sachs were bookrunners on the Rule 144A/Regulation S deal. ING was global coordinator.
Indosat will use proceeds to repay debt raised by the issuer's cellular unit.
The issuer is a subsidiary of P.T. Indonesian Satellite Corp. Tbk.
| Issuer: | Indosat Finance Co. BV
|
| Amount: | $300 million
|
| Maturity: | Nov. 5, 2010
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| Bookrunners: | ING, Barclays Capital, Goldman Sachs
|
| Global coordinator: | ING
|
| Coupon: | 7¾%
|
| Price: | Par
|
| Yield: | 7¾%
|
| Call features: | Callable after Nov. 5, 2008 at 103.875
|
| Settlement date: | Nov. 5
|
| Ratings: | Moody's: B2
|
| Standard & Poor's: B+
|
| Price talk: | 7½%-8%
|
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