By Christine Van Dusen
Atlanta, July 22 - Indonesia's Indosat priced $3 billion 7 3/8% notes due July 29, 2020 (expected ratings Ba1//BBB-) at 99.478 to yield 7.45%, or Treasuries plus 452.2 basis points, a market source said.
Citigroup, DBS Bank Ltd., Deutsche Bank, HSBC and RBS were the bookrunners for the Rule 144A and Regulation S deal, which includes a five-year call and was talked to yield 7½%.
Proceeds will be used to refinance $235 million guaranteed notes due in November and $109 million guaranteed notes due 2012.
Indosat is a telecommunications and information service provider based in Jakarta and 65%-owned by Qatar Telecom.
| Issuer: | Indosat
|
| Amount: | $3 billion
|
| Maturity: | July 29, 2020
|
| Description: | Notes
|
| Bookrunners: | Citigroup, DBS Bank Ltd., Deutsche Bank, HSBC, RBS
|
| Coupon: | 7 3/8%
|
| Price: | 99.478
|
| Yield: | 7.45%
|
| Spread: | Treasuries plus 452.2 bps
|
| Call features: | After five years
|
| Trade date: | July 22
|
| Settlement date: | July 29
|
| Expected ratings: | Moody's: Ba1
|
| Fitch: BBB-
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | 7½%
|
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