Bakrie Group: Bakrie restructure its Rp1.4tn debt

Bakrie Group: Bakrie restructure its Rp1.4tn debt. BNBR’s Director and secretary, R.A. Sri Dharmayanti said that the management has signed debt resturing agreement with Interventures Capital Pte Ltd, and Skybird Ventures Ltd on March 12, 2009. Under the agreement, each parties agree to restructure promissory notes, which has been issued by Bakrie to Long haul Holding Ltd and PT Brantas Indonesia, worth Rp1.4tn, but been sold to Interventures and Skybird on March 10, 2009. She said the promissory notes, which initially mature on July 5, 2009 will be restructured and to be matured on March 12, 2011. (Bisnis Indonesia)