GC
Tower Bersama uses upgrade to reel in buyers
Indonesia's Tower Bersama Infrastructure used its recent rating upgrade to entice investors to its $300m bond on Wednesday. Price discovery was not easy but the telecommunication tower provider’s improving business profile appealed to the market.
The last time the telecommunication tower provider sold a dollar bond, in January 2020, it was rated BB by S&P Global Ratings and BB- by Fitch. The $350m 4.25% 2025 notes were sold at par at the time.
Tower Bersama has been chipping away at ...Already a subscriber? Login
