(Insider Stories) - Multipolar (IDX:MLPL) plans to issue $200 million in 5-year bonds to refinance its debt, it said in a filing to Indonesia Stock Exchange late on Monday.

The company, which has appointed Citigroup, Deutsche Bank, and Nomura as underwriters, has set a coupon rate of 9.75%.

Proceeds will be used to pay $165 million debts to Bank Negara Indonesia and Bank CIMB Niaga and for general purposes.