Triple-C Indika wins stamp of approval from investors
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Asia

Triple-C Indika wins stamp of approval from investors

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Indonesia’s triple-C rated Indika Energy priced a $265m bond on Monday on the back of a nearly five times subscribed book. The issuer’s rating story was complicated by downgrades over the past year, but investors were willing to consider its likely future as a B2 rated credit. Morgan Davis reports.

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