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Prospect News home > News index > List of issuers B > Headlines for Berau Capital Resources II Pte. Ltd. > News item |
Singapore’s Berau Capital on roadshow for $450 million notes due 2019
By Christine Van Dusen
Atlanta, July 28 – Singapore’s Berau Capital Resources II Pte. Ltd. is on a roadshow for a $450 million offering of notes due in 2019 (expected ratings: B1/BB-/), a market source said.
Barclays, Citigroup and Standard Chartered Bank are the bookrunners for the deal.
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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