The prepayment of US$60million is THE refinance (sure, call it whatever you want, but it is a refinance as far as i am concerned) of the balance of the Eurobond. They haven't announced if they are looking at other options if the prepayment falls over. With coal prices where they are, they should be able to pay the bond off with operating cash flow in 3 months.
In my opinion, TER don't really need to do the prepayment advance anyway, they have until Dec-22 (8 months - US$5 million / month) to pay off the Eurobond. Sure, they will save interest if they pay it off earlier (by operating cash flow or refinance).
The prepayment of US$60million is THE refinance (sure, call it...
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