Last piece of Bakrie’s debt restructuring
Shares of Bakrie & Brothers (BNBR) ended flat at Rp51 on Monday (Dec 4) despite series of announcements issued by the company related to debt restructuring. One of them is Bakrie’s placement of shares worth Rp6.36 trillion. The Company had obtained shareholder approval to carry out said private placement through the issuance of mandatory convertible bonds and/or series E ordinary shares since 2018.
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