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Berau Dollar Bonds Rally on Buyback Plan Amid Restructuring

25 November 2015 Articles

PT Berau Coal Energy’s dollar bonds rallied after the miner flagged plans to buy back notes in its latest bid to complete a debt restructuring by January.

The buyback offer will start on Nov. 24 and end on Dec. 16 in New York with Sodali Ltd. acting as information and tender agent.

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