indika energy

Pre-marketing starts for a follow-on share sale in Indonesian contract mining and equipment rental company Petrosea that could raise about $100 million.

Indika Energy successfully raises $115 million from a new seven-year bond whose size will increase to $300 million after completion of an exchange programme.

The Republic of Indonesia unveils its long-awaited 10-year bond which is expected to raise up to $2 billion. China Resources Power, Fosun, MIE, Melco Crown and GLP Logistics also line up deals.

Bumi Resources is the latest Indonesian coal miner to tap the dollar market, finding a gap through which to launch a high-yield bond late last week.

Indonesia's state-owned electricity company issues a 10-year US dollar bond for the second time in three months.

Indonesian mining contractor Buma pays 11.75% for a five-year issue and raises additional funding from a syndicated loan, while fellow Indonesian coal miner Indika prices its $230 million bond with a 9.75% coupon.