Trikomsel stirs activist investors

摘要

Individual bondholders in Singapore are joining forces in a bid to win a greater say in the restructuring of troubled Indonesian telecoms retailer trikomsel, in the latest example of bondholder activism in the city's domestic market. A handful of private bank clients and high-net worth investors have invited other holders of Trikomsel's Singapore dollar bonds to contact them through an anonymous email account. The group hopes to win the support of enough creditors to gain a seat on a bondholder steering committee that will lead negotiations with Trikomsel, according to market sources following the plan.