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PT Berau Coal Energy completes $500 million bond offering

March 2012

Client(s) PT Berau Coal Energy Tbk

Jones Day advised PT Berau Coal Energy Tbk ("Berau") in connection with its US$500 million high yield bond offering pursuant to Rule 144A and Regulation S of 7.25% Guaranteed Secured Senior Notes due 2017, underwritten by Bank of America Merrill Lynch, Credit Suisse, and JP Morgan.

Berau engages in the exploration, development, and mining of coal in Indonesia. It has mining operations in approximately 118,400 hectares located in East Kalimantan. As of December 31st, 2010, Berau was the fifth largest coal producer in Indonesia.

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