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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, 29 January 21
COAL EXPORTS FROM AUSTRALIA TO MAINLAND CHINA DECLINED BY -22.2% Y-O-Y IN 2020 - BANCHERO COSTA
In the 12 months of 2020, global seaborne coal trade declined by as much as -12.7% year-on-year, according to vessel tracking data from Refinitiv, ...
Friday, 29 January 21
OPEC+, COVID-19 AND ENERGY TRANSITION - 3 THEMES IMPACTING OIL MARKETS AND REFINING IN 2021 - WOOD MACKENZIE
Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key them ...
Thursday, 28 January 21
STRONG CHINESE THERMAL COAL IMPORTS TO BENEFIT INDONESIAN MINERS IN THE NEAR TERM - FITCH RATINGS
China's thermal coal imports are likely to remain strong ahead of the Chinese New Year in mid-February on robust demand, high utilisation at do ...
Thursday, 28 January 21
WIND PROPULSION FOR DRY BULK CARRIERS - OLDENDORFF
Oldendorff Carriers (OC) has signed a Joint Development Project (JDP) with Anemoi Marine Technologies (Anemoi), Lloyd’s Register (LR) and Sha ...
Wednesday, 27 January 21
MARKET INSIGHT - INTERMODAL
As we have entered the era off renewable energies, all industries globally give max effort to minimize their carbon footprint and consequently thei ...
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- AsiaOL BioFuels Corp., Philippines
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- Independent Power Producers Association of India
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- Indian Energy Exchange, India
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- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
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- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
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- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
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- Wood Mackenzie - Singapore
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- The State Trading Corporation of India Ltd
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- Interocean Group of Companies - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
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- Mintek Dendrill Indonesia
- Planning Commission, India
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- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
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- Bhushan Steel Limited - India
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- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
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- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
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- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
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- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- The University of Queensland
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- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
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- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
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- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
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