Indus Gas offers to buy notes back from noteholders

Indus Gas announced on Friday that, as part of the company's continuing capital and liability management initiatives to optimise its debt capital structure, it was inviting the note holders to offer to sell for cash any and all of the outstanding notes held by them.

The AIM-traded firm said total consideration for notes validly tendered and accepted for purchase would be SGD1,000 per SGD1,000 principal amount of the notes, and accrued and unpaid interest thereon up to but excluding the settlement date, for Notes tendered before the expiration date and whose notes had been accepted for purchase by the company.

It said the total consideration for those accepted notes would be paid on 9 March, being the date on which accepted notes are purchased under the offer to purchase.