Credit Suisse seeks loan for Bakrie US$1 billion

The Investor Daily-October 23, 2008 In order to pay its debt worth US$1.2 billion, PT Bakrie & Brothers assigned Credit Suisse to seek new loan to pay the debt. Previously, the management of Bakrie planned to pay the debt by selling its assets, including its shares in PT Bumi Resources Tbk. But the unstable market has made them difficult to sell it immediately.