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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, 10 February 21
FY21 COAL DEMAND MAY BE LOWER THAN PREVIOUSLY ESTIMATED DUE TO COVID-19: PRALHAD JOSHI - PTI
Coal demand in the current fiscal may be lower than the initial estimate of 1,085 million tonnes (MT) due to the impact of COVID-19, Parliament was ...
Wednesday, 10 February 21
MARKET INSIGHT - INTERMODAL
We have just entered February, Chinese New Year holidays are about to start and the SnP market for bulkers is so hot as every seller would dream of ...
Tuesday, 09 February 21
SWITCHING COAL PLANTS TO PLN'S BIOMASS COFIRING PLAN IS NO MAGIC BULLET - IEEFA
Implementation risks for Indonesia PLN's switch from coal to biomass cofiring
PLN’s biomass cofiring plan will require not ...
Friday, 05 February 21
THE INDONESIA COAL PRICE REFERENCE FOR FEBRUARY 2021 SETTLES AT US$ 87.79 PER TON FOB VESSEL
COALspot.com: The Indonesia coal price reference for February 2021 settles at US$ 87.79 per ton FOB vessel. The February reference price is the hig ...
Thursday, 04 February 21
WHY BANGLADESH SHOULDN’T COUNT ON A FOSSIL FUEL FUTURE - IEEFA
Around US$50 billion of LNG projects in Asia at risk of cancellation
Two astonishing figures have circulated in the Asian energy sector in the ...
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- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
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