Singapore’s Berau Capital to issue $450 million notes due in 2019

By Christine Van Dusen

Atlanta, July 25 – Singapore’s Berau Capital Resources II Pte. Ltd. is looking to issue $450 million of notes due in 2019, according to a company announcement.

The proceeds from the Rule 144A and Regulation S deal will be used to repay and redeem the company’s outstanding 12˝% notes due 2015.

The issuer is a subsidiary of Indonesia-based Berau Coal Energy Tbk., which is based in Jakarta.

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