PT Bumi Resources Tbk, Indonesian biggest coal mining company, this year plans to repay
its debt to China Investment Corporation (CIC) worth US$1.3 billion. The debt is divided into two parts, tranche II of US$600 million and tranche III of US$700 million.
The company owned by PT Bakrie & Brothers Tbk previously plannned for debt repayment of tranche II this year, and tranche III in October next year.
Bumi Resources secured total loans from the CIC of US$1.9 billion, of which the maturity is divided into three parts, namely the tranche I of US$600 million over four years, then US$600 million over five years, and US$700 million over 6 years .
The company said it is reviewing to sell shares of a subsidiary company of PT Bumi Resources Minerals Tbk to pay tranche II to CIC.
The company owned by PT Bakrie & Brothers Tbk previously plannned for debt repayment of tranche II this year, and tranche III in October next year.
Bumi Resources secured total loans from the CIC of US$1.9 billion, of which the maturity is divided into three parts, namely the tranche I of US$600 million over four years, then US$600 million over five years, and US$700 million over 6 years .
The company said it is reviewing to sell shares of a subsidiary company of PT Bumi Resources Minerals Tbk to pay tranche II to CIC.
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