26th Sep 2014 07:39
LONDON (Alliance News) - Asia Resource Minerals PLC said Friday that plans are underway for a refinancing package for Berau Capital Resources II Pte Ltd and it is evaluating a number of potential options.
Asia Resource said in August that a proposed USD450 million notes placing by Berau would be postponed due to adverse market conditions. The note issue was due to refinance USD450 million in existing notes due July 8, 2015.
Berau Capital Resources II is a unit of PT Berau Coal Energy Tbk, a subsidiary of Asia Resource Minerals.
Asia Resource shares were untraded on Friday, quoted at 68 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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