China Investment Corporation (CIC) will make intensif negotiation with Bakrie Group for create a new investment. CIC has plan to secure energy supply for China
Last year Bumi Resources, one of Bakrie Company, tapped US$1.9 billion loan or IDR18.05 trillion from CIC three months ago. The loan has 12 percent annual rate and internal rate of return of 19 percent. The loan is used by Bumi to pay its US$1.7 billion debt such as it is regulated by Credit Suisse. After debt conversion to equity, Bumi loan to CIC cut down into IDR12.62 -12.81 trillion.
Bumi Resources is possibly to convert mosto of the debt to CIC into new share issued by the coal firm here. Bumi management considered to issue up to 10 percent new shares or 1.94 billion stocks of the totally issued stocks of19.40 billion.
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