JAKARTA, Nov 10 (Reuters) - Indonesian coal miner PT Bumi Resources Tbk said late on Monday that it plans to raise $300 million from the sale of guaranteed senior secured notes maturing in 2016.
In a statement to the stock exchange, it said that the secured notes, issued by fully owned unit Bumi Capital Pte Ltd, will pay a fixed interest rate of 12 percent per year.
The proceeds will be used for future acquisitions and investment in mining-related companies. They will also be used to develop a project in North Sumatra's Dairi regency by its subsidiary, Australian-listed coal miner Herald Resources Ltd. .
Credit Suisse and Deutsche Bank AG were joint lead managers and bookrunners for the offering.
Shares in Bumi fell 1.1 percent, while the overall market was up 0.4 percent at 0250 GMT.
(Reporting by Tyagita Silka; Editing by Sara Webb)
((tyagita.silka@thomsonreuters.com; Reuters Messaging: tyagita.silka.thomsonreuters.com@reuters.net; +62 21 384 6364 ext 905)) Keywords: BUMI INDONESIA/DEBT (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
In a statement to the stock exchange, it said that the secured notes, issued by fully owned unit Bumi Capital Pte Ltd, will pay a fixed interest rate of 12 percent per year.
The proceeds will be used for future acquisitions and investment in mining-related companies. They will also be used to develop a project in North Sumatra's Dairi regency by its subsidiary, Australian-listed coal miner Herald Resources Ltd. .
Credit Suisse and Deutsche Bank AG were joint lead managers and bookrunners for the offering.
Shares in Bumi fell 1.1 percent, while the overall market was up 0.4 percent at 0250 GMT.
(Reporting by Tyagita Silka; Editing by Sara Webb)
((tyagita.silka@thomsonreuters.com; Reuters Messaging: tyagita.silka.thomsonreuters.com@reuters.net; +62 21 384 6364 ext 905)) Keywords: BUMI INDONESIA/DEBT (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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