JAKARTA (Yosefardi) – PT Indosat Tbk (ISAT) mulls to seek bank loan worth US$150 million. Earlier it had obtained loan of US$300 million.
The loan will be used to fund its capital expenditure (capex) of Rp6.5-7.5 trillion for this year. ISAT also plans to use the loan for financing its bond recall worth US$650 million this year.
ISAT will also pay mature debt of Rp11.87 trillion this year, of which dollar debt accounted for Rp8.95 trillion. The company also plans to issue bonds worth Rp2 trillion in May or June this year, used to refinance its existing debts.
ISAT wants to cut its dollar loan portion to 25% this year while rupiah loan will be raised to 75% from current 50%.