Innovate Capital capitalizes $1.85 million charges on 6% convertibles

Chicago, Sept. 8 – Innovate Capital Pte. Ltd. announced that because of insufficient funds, a $1,850,667 finance change has been capitalized and added to the outstanding amount of its 6% guaranteed convertible bonds due 2024 (ISIN: XS1628861004), according to a notice.

The bonds, convertible to ordinary shares of PT Bumi Resources Tbk., were first issued Dec. 11, 2017. The finance charge covers the period from Feb. 11, 2022 to March 8, 2022.

As of Sept. 8, there were $225,677,487 of the bonds outstanding.

Madison Pacific Trust Ltd. is trustee of the issue.

PT Bumi Resources is a Jakarta, Indonesia-based mining company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.