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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Bumi secures $1.9 billion from CIC

  • The Jakarta Post


| Thu, September 24 2009 | 12:03 pm

PREMIUM Publicly listed PT Bumi Resources has secured funds worth US$1.9 billion from China Investment Corporation (CIC) to restructure its debt and finance its capital expenditure. In a statement issued Wednesday Bumi said US$600 million would be repaid in four years, another $600 million would be repaid in five years and the remaining $700 million debt would be cleared in six years. The funds attra...