Published on 1/24/2020 in the Prospect News Emerging Markets Daily.
New Issue: Bayan Resources sells $400 million 6 1/8% three-year notes
By Marisa Wong
Los Angeles, Jan. 24 – Indonesia’s PT Bayan Resources Tbk. issued $400 million of 6 1/8% senior notes due 2023 (//BB-) on Friday, according to a notice.
Deutsche Bank AG, Hong Kong Branch and Morgan Stanley Asia (Singapore) Pte. are bookrunners for the Regulation S and Rule 144A offering.
The coal producer is based in Jakarta, Indonesia.
| Issuer: | PT Bayan Resources Tbk.
|
| Issue: | Senior notes
|
| Amount: | $400 million
|
| Maturity: | Jan. 24, 2023
|
| Bookrunners: | Deutsche Bank AG, Hong Kong Branch and Morgan Stanley Asia (Singapore) Pte.
|
| Coupon: | 6 1/8%
|
| Settlement date: | Jan. 24
|
| Rating: | Fitch: BB-
|
| Distribution: | Regulation S and Rule 144A
|
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