Buma shocks bankers with aggressive refi
Indonesian coal miner Bukit Makmur Mandiri Utama (Buma) is returning to the international loan market to refinance a $600m loan it signed just four months ago. The company wants more money, a longer maturity, and looser covenants — but has shocked bankers by demanding tighter pricing too.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts