Tag: bumi resources

The $300 million seven-year deal comes with a one-year put and a low coupon, as well as a synthetic stock borrow arrangement that helped to attract hedge funds. Bakrie & Brothers president director Nalin Rathod has the strength and flexibility to tackle the complexities of Indonesia's corporate landscape. The first Indonesian CB this year meets sufficient demand to warrant the deal to be upsized to nearly double the original offering. Bumi Resources, Bakrie's prized asset, sets out on a spending spree at New Year premium prices, and unsurprisingly causes confusion. Bumi Resources announces the sale of a 30% stake in its coal companies to Tata Power. Failure of Bumi Resources to sell its two most profitable coal mines may make it difficult to expand into oil and gas exploration. Credit Suisse and Singapore-based UOB Asia help PT Borneo Lumbung Energi, a subsidiary of Renaissance Capital, purchase Indonesia's premiere coal mines owned by Bumi Resources. Renaissance Capital asks the market to dig in and help it finance its purchase of Bumi Resources premiere mines.