Published on 4/29/2011 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Indonesia's Indika Inti Energi sells $115 million notes due 2018 at par to yield 7%
By Christine Van Dusen
Atlanta, April 29 - Indonesia's PT Indika Inti Energi priced a $115 million issue of notes due May 7, 2018 (B1//B+) at par to yield 7%, a market source said.
Citigroup, Goldman Sachs, Standard Chartered and UBS were the bookrunners for the Rule 144A and Regulation S notes, which are non-callable for four years.
The company is expected to follow this deal with up to $185 million of issuance.
Indika is a Jakarta, Indonesia-based integrated energy company.
| Issuer: | PT Indika Inti Energi
|
| Amount: | $115 million
|
| Maturity: | May 7, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Goldman Sachs, Standard Chartered, UBS
|
| Coupon: | 7%
|
| Price: | Par
|
| Yield: | 7%
|
| Call features: | Non-callable for four years
|
| Trade date: | April 28
|
| Settlement date: | May 5
|
| Ratings: | Moody's: B1
|
| Fitch: B+
|
| Distribution: | Rule 144A and Regulation S
|
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