Telco tower provider Tiphone Mobile Indonesia (TELE) plans to refinance its debt worth Rp2.5 trillion. It intends to extend the maturity of debt to 2020 for its syndicated bank loan. TELE obtained Rp2.5 trillion loan facility in June 17, 2015. While the said bank syndication for loan are Bank Central Asia (BCA), Bank CIMB Niaga (BNGA), The Hongkong And Shanghai Banking Corporation Limited (Jakarta branch), HSBC Securities Indonesia, and Standard Chartered Bank. TELE also plans to issue bonds worth Rp800 billion.
