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.
|
|
Monday, 02 April 18
THIESS SECURES $240M SATUI EXTENSION
The successful implementation of an innovative mining plan by Thiess at the Satui coal mine in South Kalimantan, has resulted in a $240 million con ...
Friday, 30 March 18
SHIPPING INDUSTRY CONFIDENCE HITS FOUR-YEAR HIGH - MOORE STEPHENS
Shipping Confidence Survey
In February 2018, the average confidence level expressed by respondents was up from 6.2 in November 2017 t ...
Friday, 30 March 18
EXPLAINING POLAND'S COAL PARADOX - FORBES
In the U.S. coal is succumbing to market forces despite the Trump Administration’s push to support the industry. Abundant, cheap and cleaner ...
Friday, 30 March 18
THIESS SECURES $140M MT OWEN INCREASE
Thiess has secured a A$140 million increase to its contract with Glencore for coal mining services at Mt Owen in the Hunter Valley, Australia. Mt O ...
Wednesday, 28 March 18
THIESS WINS $280M WAHANA EXTENSION
Thiess has been awarded a three-year $280 million contract extension at the Wahana coal mine in South Kalimantan, Indonesia.
According to Thie ...
|
|
|
Showing 1756 to 1760 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
|
| |
| |
|
