Adaro Indonesia: To issue US$800 million, 7.625% Guaranteed Senior Notes due 2019
Friday, October 16 2009 - 01:19 AM WIB
Jakarta, October 15th, 2009 ? PT Adaro Energy Tbk is pleased to announce that its indirectly wholly-owned subsidiary, PT Adaro Indonesia (?Adaro?) has set the pricing of its US$800 million, 7.625% Guaranteed Senior Notes due 2019 (the ?Notes?) to be issued by Adaro and guaranteed by Adaro?s ultimate parent company, PT Adaro Energy Tbk (the ?Parent Guarantor?).
Credit Suisse, DBS Bank Ltd. and UBS AG are the Joint Bookrunners for the offering of the Notes.
The Notes are expected to be issued on 22 October 2009 and to mature on 22 October 2019. The Notes will bear interest at a fixed rate of 7.625% per annum payable semi-annual and will be issued in denominations of US$100,000 and integral multiples of US$1,000 in excess thereof.
The net proceeds of issuance of the Notes will be used by Adaro for capital expenditure and general corporate purposes.
Approval in principle has been received from the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of the Notes on the SGX-ST. (end of release)