Apr 25, 2011

Indika new bonds & investor appetite

Indo Integrated Energy B.V., a wholly owned subsidiary of PT Indika Energy Tbk, has commenced a series of related financing transactions designed to extend the maturity of a portion of Indika's indebtedness.
Indika is also seeking a strategy to improve the terms of the company's indebtedness to enable greater flexibility necessary to develop and scale its activities in the Indonesian energy sector. 
Such  transactions included an offer to exchange up to US$165.0 million of the Issuer’s outstanding 8.50% senior notes due 2012 for new securities, a consent solicitation relating to all outstanding 2012 notes, and a consent solicitation relating to all outstanding US$230 million 9.75% senior notes due 2016 of Indo Integrated Energy II B.V. How is investor' appetite on the exchange offer? Please login or register to read the remaining story.   

Disclosure: No position at the stock mentioned above.

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