Bumi Resources to refinance debts
Thursday, September 2 2004 - 01:17 AM WIB
Publicly listed coal mining company PT Bumi Resources is hopeful to be able to obtain some $350 million in loans from banks to refinance debts, Republika daily reported on Thursday.
The new loans will have a lower interest rate than the 12 percent rate of the existing debt, said company finance director Edi Soebardi.
He said that the company was still in negotiation with a foreign bank, which may form a syndication with other banks.(*)