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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Bumi Resources to take care of debt ahead of schedule

Posted on 16 January 2012

Bumi Resources, Indonesia’s biggest coal miner by production, plans to repay the second and third tranches of its debt to a Chinese sovereign wealth fund two years ahead of schedule.
Dileep Srivastava, the investment relations director at Bumi, said the Jakarta-based company plans to pay off $600 million in debt, which is the second tranche of payment to China Investment Corporation, in the fourth quarter of this year, two years early………………………………………..Full Article: Source


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