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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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Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...
Wednesday, 16 December 20
INDONESIA 2020 COAL CONSUMPTION ESTIMATED AT 140-145 MLN TONNES - OFFICIAL, REUTERS REPORTED
Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, t ...
Wednesday, 16 December 20
RUSSIA REVISES DOWN EXPORT EXPECTATION - FITCH
The Ministry of Economy of Russia, the world’s third largest thermal coal exporting country, released its annual forecasts ...
Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
Fitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes (mt) i ...
Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...
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- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
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- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- The University of Queensland
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
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