Indonesia: Bumi Resources gets nod to raise $2.6b via rights issue

Indonesia: Bumi Resources gets nod to raise $2.6b via rights issue

Indonesian coal producer and exporter Bumi Resources has finally received shareholders approval to raise Rp 35 trillion ($2.6 billion) in what could be the country’s biggest rights offering this year. The jumbo transaction is part of Bumi Resources’ debt restructuring scheme, from $4.2 billion to $2.6 billion.

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