Buma pushes for tight price, loose terms

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Buma pushes for tight price, loose terms

Indonesian coal miner Bukit Makmur Mandiri Utama (Buma) has shocked bankers by returning to the international loan market to refinance a $600m loan just four months after it was signed. The company wants more money, a longer maturity, and looser covenants — but is also demanding tighter pricing.

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