Successful Issuance of Indika Energy’s USD265 Million Bond Due 2022

PT Indika Energy Tbk (“Indika Energy”) successfully launched and priced a landmark 5NC3-year bond issuance of USD265 million in aggregate principal amount with a coupon of 6.875%, and a reoffer yield 6.950%. The transaction marks Indika Energy’s return to the debt capital primary markets after 4 years since their last USD500 million 10NC5-year issuance in January 2013, achieving the lowest yield for a 5-year offering in ASEAN for a high yield mining company in the…