Tower Bersama Infrastructure Prices 5y Bond of IDR230Bn at 9.25%

Tower Bersama Infrastructure, Tbk (TBIG IJ, AA-(idn)/Stabil)  releases bond prospectus this week for its Shelf Registration Bond II Tranche I with the final coupon rate of 5 year bond set at 9.25%, which is close to the lower end of its initial guidance of 8.75%-9.05%. Total issuance amounted only IDR230bn, lower than its initial target of IDR600bn. The public offering will be held in 27-28 July and targeted to be listed in 11 July 2016.

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