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Thursday, 28 January 21
BUMA PRICED A USD400 MILLION 7.75% 5-YEAR SENIOR NOTES
 PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama priced a USD400 million 5-year (non-callable 2-year) Senior Notes, following a successful bookbuilding on January 26, 2021, that garnered in excess of USD1.15 billion order from 101 accounts, achieving an oversubscription ratio of 2.9x.
According to press release of the company, the US-Dollar denominated Senior Notes will bear fixed interest of 7.75% p.a., with interest payable semi-annually in arrears. On January 22-25, 2021, the Company and BUMA conducted a virtual roadshow for the Transaction, which included several countries in Asia, Europe and the United States in compliance with Rule 144A and Regulation S under the US Securities Act. J.P. Morgan (S.E.A.) and UBS AG Singapore Branch are the Joint Bookrunners.
The company further said that, the Transaction reflects investors’ continued confidence in BUMA, despite market challenges amidst a global pandemic. Moody’s has assigned a rating of Ba3 (negative) to BUMA whilst Fitch has assigned a rating of BB- (negative) to the Company and Senior Notes.
The net proceeds from the Senior Notes, will be used to fully refinance BUMA’s existing indebtedness under loan facilities with MUFG and BUMA’s 7.75% Senior Notes due 2022. This exercise enables BUMA to extend its debt maturity profile, reduce amortization and improve cash flow, and allows for increased operational flexibility to support BUMA’s future growth.
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Monday, 09 August 21
AIIB MAY OFFICIALLY END COAL FINANCING IN 2022 - CHINA DAILY
The Asian Infrastructure Investment Bank may officially rule out coal projects if it updates its energy strategy next year, after shunning funding ...
Monday, 09 August 21
CHINA COAL INVENTORY THINS AMID PEAK POWER DEMAND- STATE MEDIA : REUTERS
China’s coal inventories have dropped to near historic lows since August due to peak summer electricity demand and transportation bottlenecks ...
Wednesday, 04 August 21
THE INDONESIAN COAL PRICE REFERENCE SURGED TO A FRESH RECORD HIGH OF USD 130.99 A TON IN AUGUST 2021
COALspot.com: The Indonesian Coal Price Reference ( HBA) surged to a fresh record high of USD 130.99 a ton in August 2021.
The ...
Wednesday, 04 August 21
MARKET INSIGHT - INTERMODAL
Unlike the Dry Bulk and Container sectors where freight rates have surged into 2021, the tankers market continues to experience lackluster earnings ...
Sunday, 01 August 21
SEABORNE HARD COAL TRADE IN 2020 DECREASED BY 149 MILLION MT, OR 12.1%, TO 1,083 MILLION MT - GERMAN COAL IMPORTERS ASSOCIATION
- Reduced coal-fired power plant fleet secures Germany’s power supply in severe winter of 2020/2021; little wind availability and hence stron ...
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- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Australian Coal Association
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- GMR Energy Limited - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
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