Berau Coal pulls $450m bond offering

The Indonesian miner blames adverse market conditions, but poor corporate governance, weak covenants and soft coal prices all played a role too.
Cheap coal is affecting the industry's outlook
Cheap coal is affecting the industry's outlook
August 13, 2014

Berau Coal pulled its $450 million five-year bond offering on Wednesday morning, citing adverse market conditions in a company statement. But other factors could have dampened investor appetite for the notes.

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