Core Insights - PT Bukit Makmur Mandiri Utama ("BUMA") has completed the early redemption of US$212.25 million of its outstanding 7.75% Senior Notes due 2026, ahead of the scheduled maturity in February 2026 [1][3] - This early redemption is part of BUMA's proactive liability management strategy, aimed at improving liquidity, capital structure flexibility, and strengthening its credit profile [2][5] Company Overview - BUMA is a subsidiary of PT BUMA Internasional Grup Tbk, a globally diversified mining holding company established in 1990, with operations in Indonesia, Australia, and the United States [6][9] - BUMA is one of the largest mining services providers in Indonesia and Australia, and it transformed into a mine owner in 2024 with the acquisition of Atlantic Carbon Group, Inc. [7][10] Financial Strategy - The early redemption of the Senior Notes was funded through BUMA's existing syndicated loan facility with major Indonesian banks, indicating strong institutional confidence and continued access to liquidity [4][5] - BUMA's Director emphasized the importance of retiring the Senior Notes to reduce near-term repayment risk and enhance liquidity, while maintaining a disciplined approach to capital allocation [5] Business Diversification - BUMA has expanded its portfolio by acquiring a stake in 29Metals Limited, focusing on future-facing commodities, and has developed deep learning technologies through PT Bukit Teknologi Digital [8] - The company is also involved in social enterprise initiatives through PT BISA Ruang Nuswantara, which promotes education and vocational training [8]

(Bloomberg) -- An obscure financing tool used to chip away at the obligations of the world’s most indebted oil major, Petroleos Mexicanos, is now emerging as a model for other struggling borrowers. The Mexican government in July completed a $12 billion debt offering in the form of pre-capitalized securities, or P-Caps — the first time a sovereign deployed the tool. It’s a type of instrument that allows issuers, typically insurance companies, to borrow money without recording it as debt on their balance shee ...