Capital/Financing Update • Apr 21, 2015
Capital/Financing Update
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National Storage Mechanism | Additional information
RNS Number : 7696K
Indus Gas Limited
21 April 2015
For Immediate Release 21 April 2015
Indus Gas Limited
("Indus" or "the Company")
Completion of placement of SGD $100 million senior unsecured notes as first tranche of a Medium Term Note ("MTN") programme
Indus Gas Limited (AIM:INDI.L), an oil & gas exploration and development company with assets in India, is pleased to announce that it has priced an issue of SGD $100 million in senior unsecured notes ("the Notes") due 23 April 2018 at a coupon of 8% fixed.
Settlement date for the new Notes is expected to be on or about 23 April 2015.
Indus continues to widen the funding options available to the Company and has established an MTN programme with the SGX in Singapore for up to US $300 million. Depending upon the funding requirement and subject to potential availability of financing on reasonable terms, the Company may draw further tranches against this MTN programme in future.
The net proceeds of the Notes will be used to fund further drilling activities in the Rajasthan Block.
For further information please contact:
Indus Gas Limited
Peter Cockburn
John Scott +44 (0) 20 7877 0022
Arden Partners plc
Steve Douglas +44 (0) 20 7614 5900
Bell Pottinger PR
Philip Dennis +44 (0) 20 3772 2557
This information is provided by RNS
The company news service from the London Stock Exchange
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