Updated: Books remain open for Berau Coal's $450m 5NC3

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Updated: Books remain open for Berau Coal's $450m 5NC3

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Shovel moving coal | Jelle van der Wolf/jelwolf - Fotolia

Indonesia’s Berau Capital Resources (BCE) II started receiving bids for a $450m five year non call three bond on Monday, August 11, as it looks to refinance an outstanding 2015 paper that is identical in size. The following day, books remained open despite the term sheet having indicated that the deal was due to price overnight Monday.

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