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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Bumi in talks with CIC, Credit Suisse on share sale

Posted on 24 June 2010

From Bloomberg: PT Bumi Resources, Indonesia’s biggest coal producer, is in talks with creditors including China Investment Corp., Credit Suisse AG and JPMorgan Chase Bank NA on a plan to sell shares to help repay debt.
Jakarta-based Bumi will raise 4.6 trillion rupiah ($507 million) by selling 1.94 billion new shares at 2,366 rupiah apiece, the company said in a statement published in Bisnis Indonesia today………………………………………..Full Article: Source

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