09.07.2015 15:35:00

Berau Coal Energy TBK (P.T.) -- Moody's: Berau defaults on its senior secured notes due 8 July 2015

Singapore, July 09, 2015 -- Berau Coal Energy TBK (P.T.) (BCE, Caa2 negative) defaulted on its $450 million 12.5% senior secured notes due 2015, issued by Berau Capital Resources Pte. Ltd. (BCR) and guaranteed by BCE, when it failed make its principal payment at maturity on 8 July.

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