Indonesia back in game with Indika issuance

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Integrated energy company Indika Energy has completed the first issuance of global bonds by an Indonesian company since the beginning of the pandemic through its Singapore-based unit, Indika Energy Capital IV.

The total amount of issuance was US$675 million in two stages. On 22 October, the company issued US$450 million, and on 28 October another US$225 million. Both will mature in 2025, with interest rates of 8.25% per year.

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