We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 20 March 18
TRAFIGURA GROUP PTE LTD SIGNS RECORD US$5.725 BILLION EUROPEAN MULTICURRENCY SYNDICATED REVOLVING CREDIT FACILITIES AND JPY72.64 BILLION DENOMINATED THREE YEAR TERM LOAN
 Press Release: Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, has successfully refinanced its flagship European multicurrency syndicated revolving credit facility (the “ERCF”) totaling USD5.725 billion. The ERCF, initially launched at USD4.5 billion, was very well received by the bank market and closed substantially oversubscribed, allowing the Company to upsize the facility.
The ERCF comprises a USD2.20 billion 365-day revolving credit facility with two 365-day extension options and a USD3.525 billion 3-year revolving credit facility with two 1-year extension options. The ERCF will be used to refinance the maturing USD2.27 billion 364-day tranche of the facility dated 23rd March 2017, and the existing USD3.25 billion 3-year tranche of the Company’s USD5.1 billion facility dated 24th March 2016, as well as for general corporate purposes.
In a separate transaction Trafigura returned for the fourth time to the Japanese domestic syndicated bank loan market and raised JPY72.64 billion (USD682 million equivalent) via a three-year term loan (“Samurai Loan”), which saw a 23 percent increase compared to the size of the company’s previous Samurai Loan which raised JPY 58.86bn in 2016. Nineteen Japanese financial institutions supported the Samurai Loan, demonstrating the continued interest of domestic lenders in Trafigura’s credit. Three new institutions joined the syndicate, while the majority of existing lenders continued to participate and increased the amount invested. This transaction refinances the 2016 Samurai Loan and will also be used for general corporate purposes.
Christophe Salmon, Chief Financial Officer for Trafigura, commented: “We simultaneously re-financed two core credit facilities of the Group and this was achieved at tighter pricing levels and with the support of a larger and more diverse bank group. We have demonstrated year after year that we are able to deliver profitable and sustained growth. We are grateful for the support that the banking community has shown to Trafigura once again and we are pleased to welcome new banks to the facilities.”
The European RCF was arranged by Mandated Lead Arrangers & Bookrunners ING Bank N.V., National Westminster Bank plc, Standard Chartered Bank and UniCredit Bank AG acting as Active Bookrunners, along with Bank of China Limited, London Branch and Société Générale Corporate & Investment Banking acting as Passive Bookrunners. In addition to the six Mandated Lead Arrangers & Bookrunners, five Mandated Lead Arrangers and 41 additional financial institutions joined the ERCF during syndication, totaling 52 banks.
The Bank of Tokyo-Mitsubishi UFJ Ltd., Mizuho Bank Europe N.V. and Sumitomo Mitsui Banking Corporation Europe Limited acted as Bookrunners and Mandated Lead Arrangers for the Samurai Loan.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 18 May 18
AFTER COAL, INDONESIAN GOVERNMENT PUSHES DMO ON GAS FOR ELECTRICITY
After introducing its domestic market obligation (DMO) policy for coal on March 12, the government is going forward with its plan to introduce a DM ...
Friday, 18 May 18
INDONESIA'S SAMARINDA ANCHORAGE COAL LOADING ACTIVITIES WERE RESUMED YESTERDAY AT 4PM LOCAL TIME
Samarinda Anchorage coal loading activities were resumed yesterday at 4PM local time.
Local fishermen in Samarinda Anchorage have been demonst ...
Wednesday, 16 May 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Half-way through the second quarter of the year and as the Posidonia week approaches everyone is getting ready for this unique gathering that besid ...
Thursday, 10 May 18
PRIVATE POWER PRODUCERS NEED A 'POWERFUL PUSH' - PRADEEP MITTAL
- PLF of the Private Sector in the country (Coal and Lignite based) for FY 2017-18 (till Dec 2017) is 56%.
- 51 GW of stressed assets (Thermal &a ...
Tuesday, 08 May 18
BUMA SIGNED OVER US$1 BILLION WORTH OF NEW CONTRACT WITH PT INDONESIA PRATAMA
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, has entered into mining services contracts with PT Indones ...
|
|
|
Showing 1721 to 1725 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- White Energy Company Limited
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
|
| |
| |
|