By Rebecca Melvin
New York, Dec. 14 – Indus Gas Ltd. has priced $150 million of notes due 2022 with an 8% coupon, according to a company news release.
The notes offering represents the second tranche sold under the company’s $300 million medium-term note program. The company also sold S$100 million of three-year notes in 2015.
Proceeds will be used for general corporate purposes.
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.
| Issuer: | Indus Gas Ltd.
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| Issue: | Medium-term notes
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| Amount: | $150 million
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| Maturity: | 2022
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| Coupon: | 8%
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| Settlement date: | Dec. 13
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