Thursday, February 21, 2008

Indonesia's Indosat plans 1.5 trln rph bonds in H1

JAKARTA, Feb 20 (Reuters) - Indonesia's second-largest mobile phone operator, PT Indosat Tbk, said on Wednesday it plans to raise as much as 1.5 trillion rupiah ($163.8 million) in bonds in the first half to finance its expansion.

Indosat ISAT.JK, around 40 percent owned by Asia Mobile Holdings, said a maximum of 1 trillion rupiah will be through conventional debt while the rest will be in sharia compliant bonds. [more, reuters]

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