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Allen & Overy Shook Lin & Bok advised Credit Suisse, as arranger, on the issue and sale by IndoCoal Exports (Cayman) Limited of US$800 million ($1.055 billion) 7 per cent structured…
Allen & Overy Shook Lin & Bok advised Credit Suisse, as arranger, on the issue and sale by IndoCoal Exports (Cayman) Limited of US$800 million ($1.055 billion) 7 per cent structured notes due July 2006.
The structured notes were issued to finance the redemption of the US$600 ($791) million 7.134 per cent structured notes due 2012, issued by IndoCoal exports in July 2005, and to repay certain obligations of PT Bumi Resources Tbk and its subsidiaries, PT Kaltim Prima Coal and PT Arutmin Indonesia.
The notes have been structured as a financing bridge to the closing of Bumi Resources’ divestment of KPC, Arutmin and other related coal assets announced in March 2006. Allen & Overy Shook Lin & Bok is also advising on that matter.
Partner Kenneth Aboud led the firm’s team on the securitisation, assisted by associates Andrew Digges, Ann Chiam, Emmanuel Hadjidakis and trainee Tomasz Domanski. White & Case advised Bumi Resources, Arutmin and KPC.
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