Indika bond scores amid upgrade hopes, coal price surge

A rally in the price of coal and the chance of credit upgrades ensured the Indonesian miner got a warm welcome from global bond investors.

Indika Energy, an Indonesian coal miner, returned to the international bond markets for the first time in over four years this week, raising $265 million that it will use to refinance outstanding debt.

¬ Haymarket Media Limited. All rights reserved.

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