Jakarta, 8 November 2011
PT Bumi Resources Tbk. confirms that it has prepaid tranche 1 amounting to US$600 million to
China Investment Corporation today. This tranche was falling due on 30 September 2013 and has
been repaid almost 2 years earlier by mutual consent.
The amount repaid has been refinanced from a banking syndicate comprising of Bank of America
Merrill Lynch, Deutsche Bank, Barclays Bank and JP Morgan at coupon of ca libor + 6%.
Effectively, this now reduces the interest by ca $72 m on an annualised basis.
In 2011 PT Bumi Resources Tbk., expects coal production at 66 million tons. (10% higher than last
year). Its production expansion plans are on track to exceed 100 million tons in 2014.
PT Bumi Resources Tbk. confirms that it has prepaid tranche 1 amounting to US$600 million to
China Investment Corporation today. This tranche was falling due on 30 September 2013 and has
been repaid almost 2 years earlier by mutual consent.
The amount repaid has been refinanced from a banking syndicate comprising of Bank of America
Merrill Lynch, Deutsche Bank, Barclays Bank and JP Morgan at coupon of ca libor + 6%.
Effectively, this now reduces the interest by ca $72 m on an annualised basis.
In 2011 PT Bumi Resources Tbk., expects coal production at 66 million tons. (10% higher than last
year). Its production expansion plans are on track to exceed 100 million tons in 2014.