Indika mulls refinancing debt worth $171.4m

IDX-listed integrated energy company PT Indika Energy Tbk is considering to refinance notes worth US$171.4 million that will mature in 2018, Bisnis Indonesia reported on Wednesday.

?The management continues to assess and open the possibility of refinancing the bonds,? company Finance Director Azis Armand told the paper.

Indika, which among others is engaged in coal production, logistics and provision of services for the coal and oil and gas industry, late last year made an early repayment of bonds worth $128.5 million in a bid to reduce gearing ratio. (*)