Giant coal miner Bumi Resources (BUMI) extended the expiry of its US$1.37 billion debt settlement to allow holders of notes and Enercoal bonds to submit a notice of elections until 11 September 2017. The said notes consists of US$300 milion (12%) guaranteed senior secured notes due 2016 issued by Bumi Capital Pte Ltd, US$700 million (10.75%) guaranteed senior secured notes due 2017 issued by Bumi Investment Pte Ltd, and US$375 million (9.25%) guaranteed convertible bonds due 2014 issued by Enercoal Resources Pte Ltd.

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