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Indus Gas Limited - Exchange Offer

PROPOSED EXCHANGE OFFER FOR US$150,000,000 8 PER CENT. SENIOR UNSECURED NOTES DUE 2022 (ISIN: XS1734080648) (THE "EXISTING NOTES") OF ITS US$300,000,000 MULTICURRENCY MEDIUM TERM NOTE PROGRAMME (THE "PROGRAMME")


Full announcement available via Indus Gas Limited.


"The Company is offering to exchange any and all of the Existing Notes held by the Eligible Holders for the exchange consideration for each US$1,000 principal amount of the outstanding Existing Notes that is validly tendered prior to the Exchange Expiration Deadline (as defined below)and accepted for exchange (the “Exchange Consideration”) consisting of the following: (a) US$1,000 in aggregate principal amount of the US$ denominated 8.00% Senior Unsecured Notes due 2027 (the “New Notes”); (b) any Accrued Interest; and (c) cash in lieu of any fractional amount of New Notes.


The Company will also conduct a concurrent offering to issue and sell additional New Notes for up to US$25,000,000 (“Concurrent New Money Issuance”) and together with the Exchange Offer, the New Notes may aggregate up to US$175,000,000. Upon issuance, any additional New Notes sold in the Concurrent New Money Issuance will be on the same terms and form a single series with the corresponding New Notes issued under the Exchange Offer."


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