VIVAnews - Bumi Resources Tbk issues bonds worth US$300 million with 12 percent of interest rate and a maturity period of 2016.
According to Bumi Resources Senior Vice President, Investor Relations Corporate Communications Company Secretary Dileep Srivastava, the unconditional and irrevocable bonds are issued by Bumi Capital Pte. Ltd.
"The bonds are expected to be issued by November 13, 2009, and be due on November 2016," he said on Tuesday, Nov 10.
He went on by saying that the bonds have 12 percent of fixed rate per year, payable on every May 10 and November 10. Credit Suisse and Deutsche Bank serve as the joint lead manager and joint bookrunner for the bond offer.
The company, Dileep said, will use the fund from the offer to finance the initial capital expenditure as well as mining exploration and development in Dairi belonging to Herald Resources Ltd. The fund will also be utilized for future acquisition and investment, working capital and other needs.
"The Singapore Exchange Securities Trading Limited has given approval on the bond issuance and offer," he said.
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Translated by: Bonardo Maulana Wahono
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