JAKARTA (Yosefardi) – PT Indosat Tbk (ISAT) has set coupon of 10-11.2% for its bonds worth US$794 billion, issued in four series.

Series A amounting Rp201 billion with tenor of 3 years carries coupon of 10% per annum. Series B Rp301 billion with tenor of 5 years offers coupon of 10.25%.

Series C Rp130 billion with tenor of 7 years carries coupon of 10.6% and series D Rp162 billion with tenor of 10 years offers coupon of 11.2%.

Indosat Ooredoo and Erajaya Group set up a joint venture (JV), Satera Management Indonesia which will open 40-60 outlets in 2016 with investment cost of more than Rp1 billion per outlet.

This JV is part of business transformation into digital company along with Indosat’s rebranding program.

Ooredoo IP LLC and its subsidiary PT Indosat Tbk (ISAT) will engage in a transaction through which Indosat will get an exclusive right to utilize global assets of Ooredoo. Indosat, however, will pay royalty of Rp1.55 trillion for this transaction.