Indonesian tanker owner Buana Lintas Lautan (BULL) has unveiled plans to tap the bond markets for up to $400m in fresh capital.
The bonds are expected to have a maturity date of five years, with the proceeds going towards early debt repayment and for working capital purposes.
The Jakarta-listed company is expected to seek approval for the bond issuance at an extraordinary General Meeting of Shareholders on 11 October 2021.
