September 24, 2002 9/24/02 9:55:50 AM
Indosat Issues Interest and Syariah Bond

PT Indonesia Satellite Corporate (Indosat), today issues the brief prospectus on concern the issuance of interest and Syariah bond.. The interest rate of interest bond has not yet determined, also the return share rate for Syariah Bond. Both bonds have five years period time.

The fund that is obtained from the interest bond issuance is for developing the issuer cellular acquisition financing that has been implemented in order to sharpen the control of cellular business by issuer and the development of network and celullar service. While the fund got from the issuance of Syariah bond used to strengthen the company's finance in order to realize the company's strategy to Full Network Service Provider (FNSP) focusing in celullar.

Indosat Syariah Bond is basically a return share bond. Regarding Syariah Bond, there is no minimum payment but expected yield by measuring the income portion and projection. The return share coupon is revised in every quarter, and the last income statement is submitted before the coupon payment date.