"The bond offering is expected to be conducted in early June, or two weeks prior to the effective time," said President Director Rinaldi Firmansyah, when exposure Telkom Performance First Quarter 2010, in Jakarta on Friday.
According to Rinaldi, the current bond issuance process is underway, with the appointment of PT Bahana Securities as the main guarantor (lead underwriter), together with PT Mandiri Securities and PT Danareksa.
Meanwhile, Finance Director Sudiro Asno, said the study include a plan dividing the two bonds, with durations (Tenor) 5 years and 10 years. "The second portion of these bonds can each Rp1, 5 trillion, can Rp1 trillion and Rp2 trillion," said Sudiro.
He says that the bonds to be issued has received AAA ratings from credit rating of Indonesia (Outlook). Mesku so, Sudiro not willing to specify the coupon rate bonds to be issued it. "The interest coupons of bonds in accordance with market benchmarks, but the possibility could be under 10 percent," said Sudiro.
Rinldi added, the proceeds from bond issuance will be used to meet part of capital expenditure (capex) that in 2010. In 2010, the company allocates capex amounted to 2 billion dollars, or equivalent to Rp19 trillion.
Amounting to 70 percent of them will be spent on cellular service Telkomsel, amounting to 25 per cent for Telkom, and 5 percent for other subsidiaries.
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