26 April, 2017
Mayer Brown advised PT Indika Energy Tbk, a leading integrated Indonesian energy group, on its recent issuance of US$265 million 6.875% senior notes due 2022. The transaction marked a strong return to the international bond markets for Indika Energy, and ratings agencies have positioned Indika Energy for ratings upgrades following the successful completion of the deal.
Jason T. Elder, lead partner of the transaction, said: "We are honored to have been involved in another successful international capital markets transaction for long-standing firm client, Indika Energy. Given the backdrop of an increasing coal price environment and contract wins by Indika's subsidiaries, it is gratifying to see such positive investor response for this deal."
The Mayer Brown team was led by Corporate & Securities partner Jason T. Elder, and included partner Thomas Kollar in Hong Kong and Tax Transactions & Consulting partner Jason Bazar in New York.
With deep experience in cross-border international capital and debt markets transactions, the firm previously advised Indika Energy for its groundbreaking liability management exercise and high-yield
bond issuance in 2011.
