Feb 8, 2012

Bumi secures US$600 million loan

Indonesia's largest coal exporter PT Bumi Resources Tbk (BUMI), parent company of KPC, Arutmin Indonesia, and Bumi Resources Minerals, has secured a US$600 million loan facility from China Development Bank Corporation.
In an official statement filed to Indonesia Stock Exchange (IDX), the 4-year facility, charging a 6.7% above Libor a year, will be used by Bumi, a subsidiary of London-based Bumi Plc, to refinance the previous short term facility obtained from Bank of America-Merrill Lynch, Barclays Capital, and JPMorgan.  
 
Disclosure: No position at the stock mentioned above.

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