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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Vallar says China Investment Corp wants cash for debt repayment

Posted on 29 June 2011

London-listed Vallar , the controlling shareholder of Asia’s biggest thermal coal exporter Bumi Resources, said sovereign wealth fund China Investment Corp wanted its $1.9 billion loan to Bumi to be repaid in cash.
“CIC wants cash, not swap its loan with CB (convertible bonds),” Vallar’s CEO Ari Hudaya told Reuters……………………………………….Full Article: Source


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