Protelindo fixes its Rupiah bonds coupons at 7.90% to 8.75%
Jakarta, November 9, 2016 | Source: Company

PT Profesional Telekomunikasi Indonesia (“Protelindo”), wholly owned subsidiary of PT Sarana Menara Nusantara Tbk. (“TOWR”), a part of the Djarum Group, has fixed the coupon for its most recent bonds issuance at 7.90% for 3-year, 8.25% for 5-year and 8.75% for 7-year tenor. “There was a slight tightening in the final coupon that resulted in final size of IDR 800 billion of the bonds. The company has been focusing at optimising its cost of funds and reducing its exposure to foreign currency funding. Reinvestments of free cash flows of the business will continue to strengthen the company’s strategic position in the future to support the telecommunication industry.”, said Adam Gifari Protelindo’s Vice President Director.

The bonds have been rated AAA(idn) by Fitch Ratings. Protelindo is the largest independent tower company in Indonesia with approximately 14,500 towers. TOWR is publicly listed independent tower company with market capitalisation of approximately IDR 37 trillion, with 32.7% of the shares owned by the Hartono family.