Indonesia Coal Miner Aims to Buy Back Bonds at 57% Discount

(Bloomberg) -- An Indonesian coal miner offered to buy back its outstanding dollar bonds at a discount of at least 57%, adding to signs of deepening stress for the sector as demand slumps amid the coronavirus pandemic.Singapore-listed Geo Energy Resources Ltd. offered to pay $430 for every $1,000 of principal to noteholders who submit their tenders before June 4. There is about $154 million outstanding on the securities, which mature in 2022, the company said in an exchange filing Thursday. The