Berau Coal

Berau's $500 million bond issue gets enthusiastic response

Berau Coal Energy attracts strong demand for its $500 million bond issue, enabling the Indonesian miner to achieve aggressive pricing.
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Berau Coal is Indonesia’s fifth-biggest producer and exporter of thermal coal
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<div style="text-align: left;"> Berau Coal is Indonesia’s fifth-biggest producer and exporter of thermal coal </div>

Asian high-yield bond issues continue to find robust support among investors throughout the world. In the secondary markets they have outperformed European and, especially, US high-yield paper for two consecutive weeks. Spreads have tightened by as much as 53bp, according to Morgan Stanley.

¬ Haymarket Media Limited. All rights reserved.

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