30.09.2009 - CIC loan benefits Bumi: Srivastava
From Vivanews.com: PT Bumi Resources Tbk. (BUMI) sees their debt instrument to China Investment Corporation (CIC) is more profitable for the company and its shareholders. It is based on the calculation of the internal rate of return (IRR) of the debt, reaching 19 percent per year. "The total IRR of the CIC loan is cheaper than issuing new stock," said Bumi Resources' senior vice president investor relations Dileep Srivastava in a text message to VIVAnews in Jakarta on Tuesday night, Sept. 29...................Full Article: Source
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