Excelcomindo closes pricing gap

Indonesian cellular operator brings blow out deal thanks to strong market liquidity and the halo effect of its Malaysian parent.

Joint leads CIMB Niaga, JPMorgan, and UBS priced a B1/BB- rated $250 million bond issue for PT Excelcomindo Pratama early Friday morning (January 13). Despite building a book that was 14-times oversubscribed at $3.2 billion, the leads opted to keep the deal to its original size.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media