JAKARTA (Yosefardi) – PT Indosat Tbk (ISAT) plans to issue bonds worth Rp2 trillion in May or June this year, used to refinance its existing debts. ISAT had in December 2014 issued bonds worth Rp2.5 trillion.
ISAT wants to cut its dollar loan portion to 25% this year while rupiah loan will be raised to 75% from current 50%.
ISAT suffered net loss, attributable to parent company, of Rp1.98 trillion last year, lower than loss Rp2.78 trillion in 2013. Revenue increased 0.9% to Rp24.08 trillion from previous Rp23.85 trillion.
Net expenses also rose 4.7% to Rp23.4 trillion from earlier Rp22.34 trillion. Then operating profit dropped 55.4% to Rp672.9 billion from Rp1.51 trillion in 2013.
But other expenses dropped 46% to Rp2.61 trillion from Rp4.84 trillion in 2013. Its assets was Rp53.25 trillion while liability totaled Rp39.06 trillion. ISAT has cash and cash equivalent of Rp3.48 trillion.