Nathaniel Rothschild, co-chairman of miner Bumi Plc, says he has “total confidence” that Indonesia’s Bakrie family, Bumi’s largest shareholders, would succeed with plans to refinance a $1.35 billion (855.73 million pound) loan, but said talks with potential partners did not include marketing rights for Bumi’s coal. The Bakries are in the final stages of talks to refinance a $1.35 billion loan obtained in March to consolidate their debt, after mandatory repayment was triggered by a sharp drop in Bumi’s London shares. The loan is backed by the Bakrie family’s 47 percent stake in London-listed Bumi Plc.
See http://www.thejakartaglobe.com/home/rothschild-confident-in-bakrie-loan-talks/472187.