Indonesian coal miner Indika Energy accepted to buy back $184mn of its 5.875% 2024s and $56.7mn of its 8.25% 2025s under a tender offer that ended on July 7. The company had planned to buy up to $250mn of the bonds at a price to be set via a modified Dutch auction. IFR notes that the acceptable price range had been set at $977.50–1,007.50 for the 2024s and $1,002.50–1,025 for the 2025s, on a face value of $1,000 each. The clearing price had been set at $1,007.50 for the 2024s and at $1,002.5 for the 2025s.
Indika Energy Buys Back $240mn of Dollar Bonds
