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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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Monday, 08 March 21
MARCH 2021 INDONESIA COAL PRICE REFERENCE SETTLES LOWER
COALspot.com: The Indonesia coal price reference for March 2021 settles at US$ 84.49 per ton FOB vessel.
The Indonesia coal pr ...
Saturday, 06 March 21
AUSTRALIAN COAL: SOME WEAKNESS COULD MATERIALIZE AFTER THE WINTER - ING
Newcastle coal prices remain well supported for now, however as we move out of the winter months we would expect prices to come under pressure. Mea ...
Saturday, 06 March 21
ASIA SEABORNE COAL PRICES START TO RETREAT, CHINA-AUSTRALIA DISPUTE LINGERS - REUTERS
There are signs that the price and demand surge for coal during the recent colder-than-expected winter across North Asia is starting to ease, even ...
Thursday, 04 March 21
HEAD OF JBIC SAYS THE JAPANESE BANK WILL NOT FUND NEW COAL PLANT DEVELOPMENT - NHK NEWS
The governor of the Japan Bank for International Cooperation has said that the government-owned financial institution will stop funding new coal-fi ...
Wednesday, 03 March 21
MARKET INSIGHT - INTERMODAL
Following the recent rally to multi year highs of metal-based commodities, amid an unprecedented global economic stimulus, discussions of an emergi ...
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- Global Coal Blending Company Limited - Australia
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- Minerals Council of Australia
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- CNBM International Corporation - China
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- Thiess Contractors Indonesia
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- Wood Mackenzie - Singapore
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- Chamber of Mines of South Africa
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- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Australian Coal Association
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
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- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
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- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
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- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
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- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
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- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
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- Formosa Plastics Group - Taiwan
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- LBH Netherlands Bv - Netherlands
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- Bhoruka Overseas - Indonesia
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- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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