By Paul A. Harris
St. Louis, Jan. 12 - PT Excelcomindo Finance Co. BV priced a $250 million issue of 7 1/8% seven-year global notes (B1/BB-) at 99.323 on Thursday to yield 7¼%, according to an informed source.
The yield came at the tight end of the 7¼% to 7 3/8% price talk, which had been revised from the 7½% area.
CIMB, JP Morgan and UBS were joint bookrunners for the Rule 144A and Regulation S issue.
Proceeds will be used to fund capital expenditures.
The issuer is a wholly owned subsidiary of Indonesian cellular telephone operator PT Excelcomindo Pratama Tbk.
Issuer: | PT Excelcomindo Finance Co. BV
|
Amount: | $250 million
|
Maturity: | Jan. 18, 2013
|
Bookrunners: | CIMB, JP Morgan, UBS
|
Coupon: | 7 1/8%
|
Price: | 99.323
|
Yield: | 7¼%
|
Call premiums: | Callable after Jan. 18, 2010 at 103.563, 102.375, 101.188
|
Trade date: | Jan. 12
|
Settlement date: | Jan. 18
|
Ratings: | Moody's: B1
|
| Standard & Poor's: BB-
|
Distribution: | Rule 144A/Regulation S
|
Price talk: | 7¼%-7 3/8% (revised from 7½% area)
|
|
© 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.