Indonesia’s Tiphone to raise $37.59m in bond sale

Indonesia’s Tiphone to raise $37.59m in bond sale

Visual from Tiphone website

Tiphone Mobile Indonesia (IDX: TELE), a mobile phone manufacturer and distributor, is offering a three-year bonds sale worth Rp500 billion ($37.59 million), the proceeds of which will be used to pay off debts. Tiphone has appointed Bahana Securities as the underwriter for the issuance.

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