Berlian Laju

Berlian Laju: Annouced it has entered into agreements with several investors in relation to the sale by BLT Finance of all of its holdings of Zero Coupon Guaranteed Convertible Bonds due 2012, issued by BLT Finance B.V, a wholly owned subsidiary of Berlian Laju, and guaranteed by BLT. The aggregate principal amount of Bonds sold by BLT Finance is
US$48.8m….

Grp intends to amend certain of the terms of the Bonds, including extending their maturity date from 2012 to 2015 and increasing the interest rate borne by the Bonds to 12%/annum. In addition, the Bonds will be convertible only into shares of BLT listed on the Indonesia Stock Exchange. Grp will announce the completion of the sale of the Bonds and the execution of the supplemental trust deed promptly upon such completion and such execution.