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Indonesia firm sells first SGD bond with S$180m issue

Singapore

PROTELINDO Finance has sold its first international bond in Singapore guaranteed by the Asian Development Bank's Credit Guarantee and Investment Facility (CGIF).

The Indonesian telco infrastructure company S$180 million of 10-year 3.25 per cent bonds, said DBS Bank on Friday.

DBS is the sole financial adviser and a joint book runner with OCBC Bank.

The issuer's parent company, PT Profesional Telekomunikasi Indonesia, is the largest independent owner and operator of telecommunications towers...

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