Mobile-8 offers to exchange its bond into shares, again

BI / exchange
2/3/2011
Irvin Avriano A.
Bisnis Indonesia

Mobile-8 offers to exchange its bond into shares, again

JAKARTA: PT Mobile-8 Telecom Tbk intend to buyback their I/2007 corporate bonds that outstanding amounted to IDR606.5 billion and exchange it for the company's until May 2nd.

Mobile-8 Company Secretary Christophorus 'Chris' Siswandi Taufik said the exchange of bonds into shares would offer a 5% premium to the bond holders so that the purchasing price is 105% from the bond value.

Mobile-8 fails pay sinking fund on time

BI/bursa

22/2/2011

Irvin Avriano A.

Bisnis Indonesia

Mobile-8 fails pay sinking fund on time

JAKARTA: CDMA-based operator PT Mobile-8 Telecom Tbk still has not fulfilled to provide a sinking fund merely to settle the coupon of bonds I/2007. Yet, the company is optimistic to settle its obligation on schedule or on 15 March.

Such notion was addressed during the information disclosure of PT Bank Permata Tbk as the bond trustee of Mobile-8 to PT Bursa Efek Indonesia (BEI) this week. Based on such report, Mobile-8 must allocated IDR7.58 billion.