Tuesday, November 10, 2009

Coupon bond Bumi 12%

PT Bumi Resources Tbk, Indonesia's largest coal producer said the $300million of guaranteed senior secured notes it will issue this
week will carry a coupon of 12 percent, the company said in a statement filed to the Indonesia Stock Exchange. The bonds will be issued on Nov. 13 and will mature in 2016, it said.
Today, market has negative respon. Shares of Bumi, dropped 6.5 percent to 2,150 rupiah, the lowest close since July 27. The company sold $1.9 billion debts to China Investments Corp. in
September.

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