Buma returns with tender, new money

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By Morgan Davis
27 Jan 2021

Indonesian mining company Bukit Makmura Mandiri Utama (Buma) returned to the bond market on Tuesday to raise $400m after a three-year hiatus.

The company, which is the second largest coal mining services contractor in Indonesia and owned by Delta Dunia, last sold a $350m 7.75% 2022 note in February 2017. Those bonds are now being tendered, with the proceeds of the new notes going in part to fund the ...

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