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Banpu Group/Indo Tambangraya Megah (ITM)

Ownership
Structure
Loans
Bonds

Credit: Photo by Greg Goebel, CC BY-SA 2.0

PT Indo Tambangraya Megah Tbk (ITM) is majority-owned by Banpu and is publicly traded. It manages six coal mines in Indonesia, all located in Kalimantan: Indominco, Jurong, Katadin-Embalut, Kitadin-Tundung Mayang, Trubaindo, and Bharinto. In 2018 it acquired PT Nusa Persada Resources (NPR) which owned a mining concession in the area, Central Kalimantan, bringing ITM’s coal reserves to 354 million tons.

Banpu Group Shareholders

Loans

Banpu: Mar 2017: $160M
  • Term Loan due 2022
  • Arrangers: Mizuho Bank Ltd. and Oversea-Chinese Banking
  • Lead Managers: BPI Capital and Bank of China Ltd.
PT Trubaindo Coal Mining : Jan 2015: US$55M
  • Revolving Credit Facility due 2017
  • Lender: Citibank
PT Bharinto Ekatama : Jan 2015: US$55M
  • Revolving Credit Facility due 2016
  • Lender: Citibank
ITM: Dec 2013: US$100M
  • Credit Facility due 2015
  • Lender: Standard Chartered Bank
ITM: Oct 2013: US$94M
  • Credit Facility due 2016
  • Lender: Bank Central Asia
ITM: Mar 2011: US$55M
  • Credit Facility due 2015
  • Lender: HSBC
ITM: Jan 2011: US$126M
  • Credit Facility due 2013
  • Lender: Bank Central Asia
ITM: Feb 2010: US$55M
  • Credit Facility due 2011
  • Lender: HSBC
PT Indominco: Feb 2010: US$50M
  • Term Loan
  • Lender: Export-Import Bank of Thailand
PT Indominco: Dec 2009: US$50M
  • Term Loan
  • Lender: Siam Commercial Bank
PT Kitadin: Dec 2008: US$15M
  • Revolving Credit Facility due 2016
  • Lender: Citibank
PT Kitadin: Dec 2008: US$10M
  • Revolving Credit Facility due 2017
  • Lender: Citibank

Loans

Apr 2009: US$63M
Institution Role
Bangkok Bank PCL Joint Book Runner
Siam Commerical Bank PCL Joint Book Runner
Mar 2011: US$181M
Institution Role
Bangkok Bank PCL Joint Book Runner
Kasikornbank PCL Joint Book Runner
Krung Thai Bank Joint Book Runner
Siam Commercial Bank PLC Joint Book Runner
Sep 2011: US$334M
Institution Role
Bangkok Bank PCL Joint Book Runner
Standard Chartered Bank China Ltd Joint Book Runner
Apr 2013: US$150M
Institution Role
Krung Thai Bank Book Runner
May 2012: US$96M
Institution Role
Bangkok Bank PCL Joint Book Runner
Kasikornbank PCL Joint Book Runner
Krung Thai Bank Joint Book Runner
Jul 2013: US$74M
Institution Role
Bangkok Bank PCL Book Runner
Jun 2014: US$154M
Institution Role
Bangkok Bank PCL Book Runner
Apr 2017: THB 10B
Institution Role
Bangkok Bank PCL Underwriter
Aug 2018: US$5M
Institution Role
Bangkok Bank PCL Underwriter
May 2019: THB 10B
Institution Role
Bangkok Bank PCL Underwriter

Loans

DISCLAIMER
Please note that this information comes from the companies’ available annual reports (2008 to 2019) and websites, as well as other public and subscription-based information sources.

Occasionally, where information is incomplete, assumptions must be made about data and these were made in a consistent manner and in good faith. While we have tried to gather and include all relevant deals, we cannot guarantee the completeness of the information presented.

INFORMATION UPDATED: 19 AUGUST 2019