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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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Tuesday, 29 December 20
CHINA COKING COAL FUTURES RISE FOR THIRD DAY ON SUPPLY WORRIES - REUTERS
Chinese coking coal futures extended gains into a third session on Monday, jumping as much as 6.2% as lower imports, sliding inventories and mines ...
Wednesday, 23 December 20
COKING COAL'S DECLINE LIKELY TO FOLLOW THE PATH OF THERMAL COAL’S PROGRESSIVE DEMISE - IEEFA
Technology disruption the likely theme of global energy markets in 2021
There has been a growing tsunami of climate commitment annou ...
Wednesday, 23 December 20
MARKET INSIGHT - INTERMODAL
As we all know, China forges more steel than the rest of the world combined, and even during this unprecedented pandemic, the nation is set to brea ...
Tuesday, 22 December 20
2021 DRY BULK OUTLOOK - SUPPLY GROWTH - TORVALD KLAVENESS
In the first article in the series we mentioned that dry bulk freight was in a super cycle between 2001 and 2008. The growth in global yard capacit ...
Tuesday, 22 December 20
INDIA'S COAL DEMAND IS SET TO EXPAND DESPITE PLUMMETING IN 2020 - IEA
Coal consumption in India amounted to 979 Mt in 2019, with the largest share being thermal coal (including lignite) for electricity generation (687 ...
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- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Australian Coal Association
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