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Indonesia's Mitratel Chooses Banks for $1 Billion IPO


Indonesia’s Mitratel Chooses Banks for $1 Billion IPO
Apr 16 2021, 2:01 PM
April 16 2021, 9:02 AM
April 16 2021, 2:01 PM
(Bloomberg) PT Dayamitra Telekomunikasi, the infrastructure services unit of state-owned PT Telkom Indonesia, has picked banks to arrange its potential initial public offering in what could be the country’s biggest first-time share sale, according to people with knowledge of the matter.
(Bloomberg) PT Dayamitra Telekomunikasi, the infrastructure services unit of state-owned PT Telkom Indonesia, has picked banks to arrange its potential initial public offering in what could be the country’s biggest first-time share sale, according to people with knowledge of the matter. ....

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Fitch Affirms Bharti Airtel at 'BBB-'; Outlook Negative


Fitch Ratings has affirmed India-based Bharti Airtel Limited’s (Bharti) Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-‘. The Outlook on the IDR is Negative. The agency has also affirmed Bharti Airtel International (Netherlands) B.V.’s senior unsecured guaranteed bonds at ‘BBB-‘ and Network i2i Limited’s subordinated perpetual bond at ‘BB’.
Network i2i’s subordinated perpetual note is rated two notches below Bharti’s IDR. This reflects the notes’ deeply subordinated nature, ranking junior to all existing and future debt obligations and senior only to Bharti’s ordinary shares. This approach is in accordance with Fitch’s Corporate Hybrids Treatment and Notching Criteria. ....

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