By Christine Van Dusen
Atlanta, July 26 - Indonesia's Berau Capital Resources Pte. Ltd. priced a $100 million add-on to its $350 million of 12½% notes due July 8, 2015 at 103.5 to yield 11.546%, an informed market source said.
The original notes priced at par on June 30 to yield 12½%.
Credit Suisse and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal, which is non-callable for three years and guaranteed by parent PT Berau Coal Energy and all of its active subsidiary companies.
Berau Capital Resources is a subsidiary of PT Berau Coal Energy, a producer and exporter of thermal coal based in Kalimantan Timur, Indonesia.
| Issuer: | Berau Capital Resources Pte. Ltd.
|
| Guarantor: | PT Berau Coal Energy and its subsidiaries
|
| Amount: | $100 million
|
| Maturity: | July 8, 2015
|
| Description: | Add-on to 12½% notes
|
| Bookrunners: | Credit Suisse, Deutsche Bank
|
| Coupon: | 12½%
|
| Price: | 103.5
|
| Yield: | 11.546%
|
| Call features: | Non-callable for three years
|
| Trade date: | July 26
|
| Distribution: | Rule 144A and Regulation S
|
| Original issue: | $350 million priced June 30 at par
|
| Total amount: | $450 million
|
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