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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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Wednesday, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...
Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
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- Commonwealth Bank - Australia
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- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
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- Indian Oil Corporation Limited
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- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
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- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
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- PowerSource Philippines DevCo
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- Ministry of Finance - Indonesia
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- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
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- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
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- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- The University of Queensland
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- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Tamil Nadu electricity Board
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- Timah Investasi Mineral - Indoneisa
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- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
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- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- White Energy Company Limited
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- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
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