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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bumi | LSE:BUMI | London | Ordinary Share | GB00B5BLXT62 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 235.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
Indonesia's thermal coal producer PT Bumi Resources (BUMI.JK) said Tuesday that it has paid $600 million of its debt to China Investment Corporation, or CIC, due in September 2013, as part of its efforts to reduce its debt burden.
The company said in a statement that it has secured the funds via a syndicated loan from Bank of America Merrill Lynch, Deutsche Bank, Barclays Bank and J.P. Morgan.
Bumi added that interest from the banking syndicate was about 6 percentage points above the London interbank offered rate.
"Effectively, this now reduces the interest by [around] $72 million on an annualized basis," Bumi spokesman Dileep Srivastava said in the statement. The company did not detail when the syndicated loan will mature.
-By Linda Silaen, Dow Jones Newswires; +6221 398 31277; andreasismar.sandiwan@dowjones.com
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