By Christine Van Dusen
Atlanta, Feb. 12 – Indonesia’s PT Solusi Tunas Pratama Tbk. priced a $300 million issue of five-year notes (expected ratings: /BB-/BB-) at 6¼% on Thursday, a syndicate source said.
BNP Paribas, ING, JPMorgan, Standard Chartered Bank and HSBC were the bookrunners for the Regulation S deal.
The notes will be non-callable for three years and were issued by subsidiary Pratama Agung Pte.
The proceeds will be used for refinancing existing debt.
Other details were not immediately available on Thursday.
The issuer is a Jakarta-based owner and operator of telecommunications towers for wireless operators.
| Issuer: | Pratama Agung Pte.
|
| Amount: | $300 million
|
| Maturity: | 2020
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, ING, JPMorgan, Standard Chartered Bank, HSBC
|
| Yield: | 6¼%
|
| Call features: | Non-callable for three years
|
| Trade date: | Feb. 12
|
| Expected ratings: | Standard & Poor’s: BB-
|
| Fitch: BB-
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
