JAKARTA (Yosefardi) – Giant coal miner PT Bumi Resources Tbk (BUMI) had last week signed new loan of US$150 million with tenor of 15 years, provided by a syndicated lender, IFR Asia reported.
The loan reportedly carries annual interest rate of 18%, higher than previous loan’s interest of 11%.
As of March of this year, Bumi’s liability amounted US$6.96 billion. It has oblogation to pay debt of US$634 million within next 12 months.
While its unit, PT Bumi Resources Minerals Tbk (BMRS) has debts of US$406 million scheduled to mature next month.