09.11.2011 - Bumi completes $600 mln CIC debt repayment
Indonesia's PT Bumi Resources , Asia's largest thermal coal exporter, has completed the early repayment of $600 million of its debt to sovereign wealth fund China Investment Corp (CIC) , cutting its annual interest bill by $72 million. The first tranche of CIC debt had been due in September 2013 and was paid early by mutual consent, Bumi said. PT Bumi is 29 percent owned by London-listed Bumi Plc , a joint venture between Indonesia's Bakrie Group, investor Samin Tan and British financier Nat Rothschild...............................................Full Article: Source
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