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Solusi Tunas Pratama launches $300 million five-year notes at 6¼%
By Christine Van Dusen
Atlanta, Feb. 12 – Indonesia’s PT Solusi Tunas Pratama Tbk. launched a $300 million offering of five-year notes (expected ratings: /BB-/BB-) at 6¼%, a market source said.
BNP Paribas, ING, JPMorgan, Standard Chartered Bank and HSBC are the bookrunners for the Regulation S deal.
The notes will be non-callable for three years and issued by subsidiary Pratama Agung Pte.
The proceeds will be used for refinancing existing debt.
The issuer is a Jakarta-based owner and operator of telecommunications towers for wireless operators.
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