Published on 10/22/2020 in the Prospect News Emerging Markets Daily.
New Issue: Indonesia’s Indika prices $450 million 8¼% senior notes due 2025
By Marisa Wong
Los Angeles, Oct. 22 – Indika Energy Capital IV Pte. Ltd. priced $450 million of 8¼% senior notes due 2025 (Ba3//BB-) guaranteed by parent company Indika Energy Tbk., according to a notice.
Deutsche Bank AG, Singapore Branch, Mandiri Securities Pte. Ltd. and Standard Chartered Bank (Singapore) Ltd. are lead managers and bookrunners for the Regulation S and Rule 144A offering.
The energy company is based in Jakarta, Indonesia.
| Issuer: | Indika Energy Capital IV Pte. Ltd.
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| Guarantor: | Indika Energy Tbk.
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| Issue: | Senior notes
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| Amount: | $450 million
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| Maturity: | Oct. 22, 2025
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| Bookrunners: | Deutsche Bank AG, Singapore Branch, Mandiri Securities Pte. Ltd. and Standard Chartered Bank (Singapore) Ltd.
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| Coupon: | 8¼%
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| Settlement date: | Oct. 22
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| Ratings: | Moody’s: Ba3
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| Fitch: BB-
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| Distribution: | Regulation S and Rule 144A
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