India-focused Indus Gas tenders for S$100 million 8% notes due 2022

By Wendy Van Sickle

Columbus, Ohio, Feb. 23 – Indus Gas Ltd. tendered for any and all of its S$100 million of 8% senior unsecured notes due 2022, according to a notice filed with the London Stock Exchange.

The company is offering a cash amount equal to par plus accrued interest to but excluding the settlement date for the notes.

The offer will end at 4 a.m. ET on March 7.

Settlement is expected to occur on March 9.

Deutsche Bank AG, Singapore Branch is the tender agent.

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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