Adaro to raise US$200-300 million refinancing
Adaro Finance BV, a wholly owned subsidiary of PT Adaro Indonesia, the largest coal mining in the country, is preparing US$200 million to US$300 million funding to refinance debt at a lower interest rate.
People close to the plan said the five-year US$300 million bond offering is expected to complete in November. Adaro Finance priced a US$400 million, five year-bond in December 2005 to yield 8.75 percent. Goldman Sachs and JPMorgan were the underwriters.
The bond offering was made concurrently with a US$200 million senior credit facility borrowed by Adaro Finance B.V., with PT Adaro Indonesia and PT Indonesia Bulk Terminal as guarantors.
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People close to the plan said the five-year US$300 million bond offering is expected to complete in November. Adaro Finance priced a US$400 million, five year-bond in December 2005 to yield 8.75 percent. Goldman Sachs and JPMorgan were the underwriters.
The bond offering was made concurrently with a US$200 million senior credit facility borrowed by Adaro Finance B.V., with PT Adaro Indonesia and PT Indonesia Bulk Terminal as guarantors.
Labels: COAL, Goldman Sachs
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posted by yosef at 2:04 PM
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