Nov 29, 2010

BUMA bonds buyback to be launched

Morgan Stanley schedules to launch bonds and loan buyback for PT Bukit Makmur Mandiri Utama (BUMA), Indonesia's coal mining contractor and also wholly owned by PT Delta Dunia Makmur Tbk (DOID) this week.
"Morgan Stanley might launch the buyback today or tomorrow, using US$600 million syndicated loan obtained from several banks, including Bank Mandiri," a source close to the deal said.

Disclosure: No position at the stock mentioned above.
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