Vallar: China Investment Corp wants BUMI paid cash

London-listed Vallar , the controlling shareholder of Asia's biggest thermal coal exporter Bumi Resources , said sovereign wealth fund China Investment Corp wanted its $1.9 billion loan to Bumi to be repaid in cash. 

"CIC wants cash, not swap its loan with CB (convertible bonds)," Vallar's CEO Ari Hudaya told Reuters. Source: Reuters