SINGAPORE (Yosefardi) – Integrated Energy II B.V., subsidiary of coal producer PT Indika Energy Tbk (INDY), has issued a notice to all holders of US$230 million 9.75% Senior Notes due 2016 that it will redeem all outstanding 2016 Notes on November 5, 2013 at the redemption price of 104.875%.
Indo Integrated Energy II B.V., Indo Energy Finance B.V. and Indo Energy Finance II B.V. are wholly owned
finance subsidiaries of Indika Energy.
Indika Energy and China Railway Group Limited (CREC) had in October 3, 2013 signed principal agreement for developing coal mine and infrastructure in Papua and Central Kalimantan.