Indika fires up $450m bond comeback

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By Morgan Davis
16 Oct 2020

Indonesia coal producer Indika Energy was back in the debt market on Thursday with a $450m bond.

The borrower, which is rated Ba3/—/BB-, last sold a dollar bond in 2017, according to Dealogic. The 5.875% 2024 notes are worth $575m.

Bookrunners Deutsche Bank, Mandiri Securities and Standard Chartered opened orders for the new five non-call two year bond at the 8.625% area ...

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