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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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Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
Friday, 12 March 21
BATTERIES ARE REPLACING COAL NOT GAS - IEEFA
No amount of government subsidies can halt gas’s decline
Batteries are replacing coal not gas.
Today the early ...
Friday, 12 March 21
RENEWABLES SHOULD BE FOCUS OF VIETNAM’S DRAFT PDP8, NOT COAL AND GAS - IEEFA
Evidence was clear to inform the next stage of Vietnam’s power development
Vietnam’s recently published draft power deve ...
Thursday, 11 March 21
U.S. TO PRODUCE 581 MMST IN 2021, UP 8% FROM 2020 - EIA
EIA expects U.S. coal production to total 581 MMst in 2021, 42 MMst (8%) more than in 2020. In 2022, EIA expects coal production to rise by a furth ...
Thursday, 11 March 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during the first months of 2021, we have come across a new era in which Owners chose the shipyards to repair their ...
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- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
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- Chamber of Mines of South Africa
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
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- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
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- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
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- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Parliament of New Zealand
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
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- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
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- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
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- Global Business Power Corporation, Philippines
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- Karbindo Abesyapradhi - Indoneisa
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- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- The University of Queensland
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
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