JAKARTA (Yosefardi) – Coal miner PT Indika Energy Tbk (INDY), through its unit Indo Energy Finance BV, tenders offer part of its senior notes worth US$100 million, of total pricipal US$300 million.
The notes to be purchased back is scheduled to mature in 2018 carrying coupon rate of 7% per annum. The tender offer started November 23, 2015 and will last in December 21, 2015.
INDY will have 25% coal fired power plant with capacity of 1×1000 megawatts (MW) in Cirebon, West Java, with investment cost of US$2 billion.
INDY suffered loss of US$34.55 million in first nine months of 2015, widened from loss US$9.92 million in the same period of last year. Revenue increased 7.6% to US$845.28 million from previous US$785.3 million.