JAKARTA (Yosefardi) – PT Tiphone Mobile Indonesia Tbk (TELE) will issue bonds worth Rp2 trillion in June this year, partly used to refinance its debts. It is also seeking Rp2 trillion loan from banks.
As at March 2015, TELE’s short term debt reached Rp2.31 trillion, of which loan to Standard Chartered accounts for Rp1.72 trillion.
TELE has secured US$100 million loan from Standard Chartered Bank and Dubai International Financial Centre. TELE booked net profit of Rp85.37 billion in the first quarter of 2015 on revenues of Rp4.05 trillion.