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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, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...
Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021
Medium-term outlook is less favourable although demand declines are expected to be subtle ...
Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...
Friday, 08 January 21
INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive
Although one of the top 10 solar module producers in the world, India ...
Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...
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- Kobexindo Tractors - Indoneisa
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- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
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- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
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- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
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- Mjunction Services Limited - India
- Australian Coal Association
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
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- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
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- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
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- Parliament of New Zealand
- Ministry of Transport, Egypt
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- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
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- Singapore Mercantile Exchange
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
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- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
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- Kohat Cement Company Ltd. - Pakistan
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- Cement Manufacturers Association - India
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