Indonesia telecom operator Indosat to raise $263m via bonds, to refinance debt

Mobile operator PT Indosat Tbk (ISAT) is on course to raise a total of Rp 3.46 trillion ($263.7 million) through a bond issuance, with coupons set at between 7.5 per cent and 9.15 per cent. The bonds comprise a regular note of Rp 3.17 trillion ($241 million) and an Islamic bond of Rp 288 billion ($21.9 million).