Fitch Ratings has upgraded Indonesia-based PT Indika Energy Tbk’s Long Term Foreign and Local Currency Issuer Default Ratings (IDR) to ‘B’ from ‘CCC’. The agency has also upgraded Indika’s outstanding senior notes due 2018 and 2023 to ‘B’ from ‘CCC’ with a Recovery Rating of ‘RR4’.
Read moreMoody’s has upgraded the corporate family rating (CFR) of Indika Energy Tbk (P.T.) (Indika) to B2 from Caa1 following the successful raising of $265 million of new notes to refinance outstanding notes of $171 million which mature in May 2018.
Read morePT Indika Energy Tbk (“Indika Energy”) successfully launched and priced a landmark 5NC3-year bond issuance of USD265 million in aggregate principal amount with a coupon of 6.875%, and a reoffer yield 6.950%. The transaction marks Indika Energy’s return to the debt capital primary markets after 4 years since their last USD500 million 10NC5-year issuance in […]
Read moreFitch Ratings has affirmed Indonesia-based PT Indika Energy Tbk’s (Indika) Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDR) at ‘CCC’ and assigned a Positive Outlook. Indika’s senior notes due 2018 and 2023 have also been affirmed at ‘CCC’ with a Recovery Rating of ‘RR4’.
Read moreIndika Energy, Indonesia’s leading integrated energy company, reported its unaudited consolidated financial statements for the nine-month period ended September 30, 2016
Read more