US$1.9 billion Landmark Investment in PT Bumi Resources Tbk by China Investment Corporation

Posted on 09/23/2009

According to the press release, “PT Bumi Resources Tbk (“Bumi”) announced that China Investment Corporation (“CIC”) has invested US$1.9 billion in Bumi in the form of a debt-like instrument. The US$1.9 billion investment consists of US$600 million repayable in year 4, US$600 million in year 5, and remaining US$700 million in year 6. The investment […]