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United States

Indus Gas Ltd (INDII.L)

INDII.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Indus Gas Ltd announces completion of placement
Tuesday, 21 Apr 2015 02:00am EDT 

Indus Gas Ltd:Has priced an issue of S$100 mln in senior unsecured notes (Notes) due 23 April 2018 at a coupon of 8% fixed.Net proceeds of the Notes will be used to fund further drilling activities in Rajasthan Block.Settlement date for the new Notes is expected to be on or about April 23.  Full Article

Indus Gas Ltd signs new debt facility
Monday, 17 Nov 2014 02:00am EST 

Indus Gas Ltd:It has signed and completed new $180 mln facility agreement with consortium of seven banks/institution.Debt Facility is third debt financing completed by Company.Debt Facility will be secured by extending pari-passu charge on security package provided the existing debt holders.Debt facility is for nine year term maturing in April 2024.Debt facility carries an interest rate of 3 months LIBOR plus 410 basis points which will help marginally reduce the overall blended cost for combined debt facilities.Utilization of facility is in progress primarily to finance appraisal and development cost on the RJ-ON/6 Block in Rajasthan.Debt Facility will help company to accelerate/move towards completing next phase of development of acreage.  Full Article