Berlian Laju to Tap Bond Market

Our ambitious friends at Berlian Laju Tankers in Jakarta plan to issue $53 million of three-, five- and seven-year bonds in June. Berlian said 75% would go to fleet expansion while the remainder would be used as working capital. The company has appointed PT Danatama Makmur and PT DBS Vickers Securities Indonesia as underwriters for the issue

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