Bakrie group seeks to borrow US$329m
Bakrie Group plans to seek funds worth US$329m to refinance two of its subsidiaries’, Energi Mega Persada (ENGR) and Visi Media Asia (VIVA), loans in 4Q15. ENGR is planning to refinance a US$134m loan which has an interest rate of 20% p.a. and was obtained from Pro Strategic Investors. Currently, the company is seeking out US$200m in bank loans. On the other hand, VIVA is seeking funds of US$195m to refinance its loans from Credit Suisse.