Press Release
Indosat Plans to Early Repay Bonds II Series B Year 2002
Jakarta, April 30, 2012 – PT Indosat Tbk (“Indosat” or the “Company”) announces its intention to exercise its purchase option on Indosat Bonds II Series B Year 2002 (“Indosat Bonds IIB”) on 6 November 2012 at value of 101% (one hundred and one percent) of the total principal value.
Indosat Bonds IIB, originally due on 6 November 2032, carry a total principal value of Rp 200,000,000,000 (two hundred billion Rupiah). The Company will officially announce its plan for early repayment of Indosat Bonds IIB on 4 May 2012.
“This repayment forms part of our debt refinancing strategy in year 2012 and is an indication of the strength of Indosat’s liquidity position despite the challenging global macroeconomic conditions. We would like to thank all parties involved namely the bondholders, PT Bank Rakyat Indonesia Tbk as the Trustee, Badan Pengawas Pasar Modal & Lembaga Keuangan (BAPEPAM-LK), The Indonesia Stock Exchange and PT Kustodian Sentral Efek Indonesia (KSEI) for their support and cooperation” said Harry Sasongko, President Director & CEO of Indosat.
Recently, Pefindo also reaffirms the Company’s rating ofidAA+; (Double A Plus; Stable Outlook), showing the Company’s strong liquidity profile.
About Indosat
Indosat is the leading telecommunication and information operator in Indonesia which provides cellular, fixed line, data communication and internet. In the end of 2011, it has more than 50 million cellular subscribers through its brands, among others, Indosat Mobile, IM3, Mentari and Indosat Internet. Indosat operates IDD services with access code 001, 008 and Flatcall 01016. And it also offers corporate solution services supported by integrated telecommunication networks throughout Indonesia. Indosat is the subsidiary of the Qtel Group. Indosat shares are listed in Indonesia Stock Exchange (IDX:ISAT) and in the form of American Depositary Shares in New York Stock Exchange (NYSE:IIT).
For further information please contact:
Investor Relations
Tel: 62-21-30442615
Fax: 62-21-30003757
Corporate Secretary
Tel: 62-21-30442614
Fax: 62-21-30003754
Email:
investor@indosat.com
Website: www.indosat.com
Disclaimer :
This document contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of Indosat, that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law. Forward looking statements are subject to risks and uncertainties that may cause actual events and Indosat's future results to be materially different than expected or indicated by such statements. No assurance can be given that the results anticipated by Indosat, or indicated by any such forward looking statements, will be achieved.
This document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of an offering circular that may be obtained from the Company and will contain detailed information about the Company and management, as well as financial statements. The Company does not intend to register any part of the offering in the United States.
