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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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Saturday, 26 June 21
KOSPO INVITED BIDS FOR 480,000 MT OF COAL PER ANNUM
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 480,000 MT of NCV 1 Min. 5,600 (Spec 1) /Min. 5,0 ...
Thursday, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
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- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Australian Coal Association
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
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