Buma bond moves ahead as Indika plots high yield return
Bukit Makmur Mandiri Utama, the Indonesian mining services company, sealed a $250m syndicated loan on Wednesday in a move that allows it to revive plans for a high yield bond sale.
Buma, which has a provisional Ba3 rating from Moodys, had been marketing the bond last month as part of a $600m financing package but was forced to postpone its plans as investors spurned its attempts to raise that total through a standalone bond issue.
The $250m loan reduces
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