Indonesia's Bakrie Telecom sued in the U.S. over $380 million bond

By Eveline Danubrata and Umesh Desai JAKARTA/HONG KONG (Reuters) - Investors have filed a lawsuit in the United States against Indonesia's PT Bakrie Telecom Tbk and associated companies for allegedly breaching the terms of a $380 million bond, by failing to make two interest payments and indicating that it will continue to default on its obligations. Universal Investment Advisory SA, Vaquero Master EM Credit Fund Ltd and Trucharm Ltd are suing Bakrie Telecom Pte Ltd , PT Bakrie Telecom Tbk, PT Bakrie Network and PT Bakrie Connectivity in a New York state court. ...



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