(Bloomberg) -- PT Bumi Resources, Indonesia's biggest
exporter of coal for power stations, raised $300 million from a
convertible bond sale, less than two months after scrapping a
deal as investors asked for better terms. Shares fell.
Bumi will allow investors in the five-year, zero-coupon
securities to convert the debt into shares at 2,362.5 rupiah
apiece, 25 percent above the closing price yesterday, according
to a term sheet sent to investors. Credit Suisse Group is
managing the sale.
Read more at Bloomberg Bonds News
exporter of coal for power stations, raised $300 million from a
convertible bond sale, less than two months after scrapping a
deal as investors asked for better terms. Shares fell.
Bumi will allow investors in the five-year, zero-coupon
securities to convert the debt into shares at 2,362.5 rupiah
apiece, 25 percent above the closing price yesterday, according
to a term sheet sent to investors. Credit Suisse Group is
managing the sale.
Read more at Bloomberg Bonds News
No comments:
Post a Comment