PT Indika Energy, Tbk (INDY IJ)’s bond experienced a 6 times oversubscribed. Bonds worth USD575mn has a coupon rate at level 5.875% and re-offer yield at level 6.125%. The proceeds will be used as one of funding for purchase of an additional 45% stake in PT Kideco Jaya Agung. Bont with a tenor of 7-years are also noted as bonds with a record low coupon bonds in history ever published by mining companies in Indonesia, and also compared the high yield bonds 7-years in Asia.
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