UPDATE 2-Indonesia's Bumi says China's CIC lends $1.9 bln

* Latest move to secure commodities exposure

* CIC to receive 12 percent coupon on loan

* Bumi says cash will allow fast growth (Adds background on recent CIC deals, broker)

JAKARTA, Sept 23 (Reuters) - China's $200 billion CIC sovereign wealth fund has lent Indonesian coalminer PT Bumi Resources Tbk (BUMI.JK) $1.9 billion in its latest move to secure exposure to global commodities.

In less than a week, China Investment Corporation has also bought a 14.5 percent stake in trading firm Noble Group (NOBG.SI) for $850 million and agreed a cooperation pact with commodity trader Glencore [GLEN.UL>. [ID:nSP502382].

Shares in Bumi, one of Indonesia's biggest coal miners, rallied last week on talk that China's sovereign wealth fund was eyeing planned bonds and warrants.

Out of the total being lent by CIC in "debt-like" instruments, $600 million is repayable in four years, $600 million in five years and $700 after six years, Bumi said.

Bumi said the cash would enable it to grow quickly and give it a stable capital structure.

"More importantly, the partnership creates the platform for CIC and Bumi to pursue investment opportunities jointly," said Ari Hudaya, president director and CEO of Bumi.

CIC would receive a 12 percent annual cash coupon and a total IRR (internal rate of return) of 19 percent, Bumi said.

Deutsche Bank (DBKGn.DE) and China International Capital Corporation were financial advisers to CIC, while PT Samuel Sekuritas Indonesia advised Bumi, the company said.

Indonesia is the world's biggest exporter of thermal coal and China, a major buyer of coal, has been investing in resources globally to ensure adequate supplies of energy and minerals to feed its vast economy.

Nick Cashmore of brokerage CLSA said in a research note that potential Southeast Asian investment targets for CIC could also include Malaysian plantation-to-power firm Sime Darby (SIME.KL), Singapore-listed coal miner Straits Asia Resources STRL.SI, as well as Indonesian miners Adaro Energy (ADRO.JK) and Berau Coal.

Bumi, which is controlled by the powerful, politically connected Bakrie family, said the firm would use the money for debt restructuring and capital expenditure.

Bumi's shares, which lost about 90 percent of their value in the financial crisis last year, have rallied this year and are up 268 percent, outperforming the more than 80 percent gain in the broader market .JKSE. (Reporting by Ed Davies; Editing by David Cowell)