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Published on 11/20/2014 in the Prospect News Emerging Markets Daily.

New Issue: Indonesia's Protelindo sells S$180 million 3¼% notes due 2024 at par

By Christine Van Dusen

Atlanta, Nov. 20 – Indonesia’s PT Profesional Telekomunikasi Indonesia Tbk. (Protelindo) priced S$180 million 10-year notes (/AA/) at par to yield 3¼% on Thursday, a market source said.

DBS Bank and OCBC were the bookrunners for the Regulation S deal.

Jakarta-based Protelindo builds and operates cellphone towers and is a subsidiary of PT Sarana Menara Nusantara Tbk.

Issuer:PT Profesional Telekomunikasi Indonesia Tbk.
Amount:S$180 million
Maturity:Nov. 27, 2024
Description:Notes
Bookrunners:DBS, OCBC
Coupon:3¼%
Price:Par
Yield:3¼%
Trade date:Nov. 20
Settlement date:Nov. 27
Rating:Standard & Poor’s: AA
Distribution:Regulation S

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