Indika bond

Indika Energy attracts huge demand for new dollar bond

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.
<div class="ArticleImageCaption" style="text-align: left;">
Indika relies on the dividend payment from its 46%-owned Kideco coal mine</div>
<div class="ArticleImageCaption" style="text-align: left;"> Indika relies on the dividend payment from its 46%-owned Kideco coal mine</div>

Indika Energy, a leading Indonesian coal miner and contractor, yesterday successfully executed the first part of its capital raising and bond exchange programme. On completion of the full transaction next month, it will have issued a new seven-year US-dollar bond with a total size of $300 million.

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