JAKARTA. Information has it that according to the management team of postponement of debt payment obligations (PKPU), 80% of creditors have agreed the plan for restructuring the debts of PT Bumi Resources Tbk (BUMI). Despite the debts’ restructuring should be taken through voting mechanism, the process at least may reflect the result of the voting, which is scheduled on 9 November 2019 at Central Jakarta Commercial Court. The proposal of the debts settlement mentioned that one of the agreement clauses include the scheme of debt to equity swap with the price of Rp 926,16 per a share. Director and Corporate Secretary of BUMI Dileep Srivastava gave a positive sign about the plan for debt to equity swap.
These are schemes to restructure BUMI debts
JAKARTA. Information has it that according to the management team of postponement of debt payment obligations (PKPU), 80% of creditors have agreed the plan for restructuring the debts of PT Bumi Resources Tbk (BUMI). Despite the debts’ restructuring should be taken through voting mechanism, the process at least may reflect the result of the voting, which is scheduled on 9 November 2019 at Central Jakarta Commercial Court. The proposal of the debts settlement mentioned that one of the agreement clauses include the scheme of debt to equity swap with the price of Rp 926,16 per a share. Director and Corporate Secretary of BUMI Dileep Srivastava gave a positive sign about the plan for debt to equity swap.