Indosat pricing ‘generous’ yet ‘absolutely right’ to secure deal after postponement

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BONDS

Indosat pricing ‘generous’ yet ‘absolutely right’ to secure deal after postponement

Issue: 1165 - 29 July 2010

Keywords: indosat, indonesia bond

Indosat’s $650m high yield bond rallied by more than four points on its Asian trading debut at the end of last week, and stayed well above its initial pricing this week — leading to debate between bankers and investors on the pricing of a deal that drew $10.5bn of orders. ..

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