India-focused Indus Gas publishes details about exchange notes

Chicago, Nov. 28 – Indus Gas Ltd. published an indicative pricing supplement for the exchange notes that are part of an offer to existing noteholders.

With the notes that would go to existing noteholders through the exchange, the company may sell up to $25 million more notes and issue a total of up to $175 million of the new notes.

The 8% notes will have a Nov. 30, 2027 maturity date and an issue price of par.

There is a change-of-control put option. The Regulation S notes are callable at par.

Listed guarantors are iServices Investments Ltd. and Newbury Oil Co. Ltd.

The exchange offer expires on Nov. 28 and settlement is planned for Nov. 30, as previously reported.

The ISIN will be XS2560106150.

Indus Gas is an oil and gas exploration and development company with assets in India. It is based in St. Peter Port, Guernsey, with an office in London.

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