Publicly-listed PT Borneo Lumbung Energi & Metal (BORN) says may proceed with a global bond issuance to refinance loans used to purchase a stake in London-listed Bumi Plc. Borneo president director Alexander Ramlie told reporters on Monday that the issue would probably amount to “half” of the US$1 billion it borrowed from Standard Chartered Bank to buy the stake. The plan follows similar moves by other publicly listed companies to lower their cost of funds by repaying loans using proceeds from...
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