Indosat draws a syndicated loan of $450 Mn (Indonesia)
Indosat, the Indonesian telco, has drawn down the $450 Mn loan from syndicate arranged by ING Bank and DBS Bank. The telco had in September withdrawn an amount of $150 Mn and $300Mn now. Indosat president Johnny Swandi Sjam says the loan will be used partly for CAPEX requirements and also to repay part of a debt bond maturing in 2010 and 2012.
