Satnews Daily
December 21st, 2010
Linktone + Aerospace Satellite Corp... Financially Speaking...
[SatBroadcasting(tm)] Linktone Ltd. (Nasdaq: LTON), a provider of interactive media and entertainment products and services to consumers in China and Southeast Asia, announced it will purchase, through the secondary market, a portion of the senior secured guaranteed notes offering by Aerospace Satellite Corporation Holding B.V. ("Aerospace Satellite"), a wholly-owned subsidiary of PT MNC Sky Vision. Aerospace Satellite is the largest pay television operator in Indonesia and an affiliate of PT Media Nusantara Citra Tbk, the indirect majority shareholder of Linktone. Linktone purchased $20 million of these notes, due November 16, 2015, which bear interest at a rate of 12.75 percent per annum, payable semi-annually in arrears. The notes are rated B2 by Moody's and B by S&P, and guaranteed by PT MNC Sky Vision, with HSBC and Standard Chartered Bank acting as the joint lead managers and joint bookrunners for the offering.


