Banpu Group/Indo Tambangraya Megah (ITM)

Calling itself “The Asian Face of Energy”, Banpu Group has been in the coal industry for over 30 years and entered the Indonesian market in 1991.

Banpu Group has coal mining and power generation ventures in Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Singapore, Japan and USA. Banpu Group is listed on the Stock Exchange of Thailand.

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 2015 and 2016, the output of coal from these mines was 28.4 Mt and 25.5 Mt respectively.

https://upload.wikimedia.org/wikipedia/commons/thumb/a/ab/Surface_coal_mine_detail%2C_Gillette%2C_Wyoming.jpg/640px-Surface_coal_mine_detail%2C_Gillette%2C_Wyoming.jpg

Credit: Photo by Greg Goebel, CC BY-SA 2.0 (6 May 2008)

Bonds

Institution Role
Bangkok Bank PCL Joint Book Runner
Siam Commerical Bank PCL Joint Book Runner
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
Institution Role
Bangkok Bank PCL Joint Book Runner
Standard Chartered Bank China Ltd Joint Book Runner
Institution Role
Bangkok Bank PCL Joint Book Runner
Kasikornbank PCL Joint Book Runner
Krung Thai Bank Joint Book Runner
Institution Role
Krung Thai Bank Book Runner
Institution Role
Bangkok Bank PCL Book Runner
Institution Role
Bangkok Bank PCL Book Runner

Loans

  • Term Loan due 2022
  • Arrangers: Mizuho Bank Ltd. and Oversea-Chinese Banking
  • Lead Managers: BPI Capital and Bank of China Ltd.
  • Revolving Credit Facility due 2017
  • Lender: Citibank
  • Revolving Credit Facility due 2016
  • Lender: Citibank
  • Credit Facility due 2015
  • Lender: Standard Chartered Bank
  • Credit Facility due 2016
  • Lender: Bank Central Asia
  • Credit Facility due 2015
  • Lender: HSBC
  • Credit Facility due 2013
  • Lender: Bank Central Asia
  • Credit Facility due 2011
  • Lender: HSBC
  • Term Loan
  • Lender: Export-Import Bank of Thailand
  • Term Loan
  • Lender: Siam Commercial Bank
  • Revolving Credit Facility due 2016
  • Lender: Citibank
  • Revolving Credit Facility due 2017
  • Lender: Citibank

Structure of Banpu Group

Structure of ITM

Banpu Group Shareholders

Investor Ownership (%) Filing Date
1. Mitr Phol Sugar Corporation Ltd. 5.70 10 Mar 2017
2. BBL Asset Management Co., Ltd. 4.20 10 Mar 2017
3. TME Capital Company Ltd. 2.45 10 Mar 2017
4. The Vanguard Group, Inc. 2.36 28 Feb 2017
5. Vongkusolkit (Isara) 2.34 10 Mar 2017
6. Vongkusolkit (Kamol) 1.86 10 Mar 2017
7. Social Security Office 1.85 10 Mar 2017
8. Kasikorn Asset Management Co., Ltd. 1.14 10 Mar 2017
9. Vongkusolkit (Supawee) 0.80 10 Mar 2017
10. United Farmer and Industry Company Ltd. 0.70 10 Mar 2017

ITM Shareholders

Investor Ownership (%) Filing Date
1. Banpu Minerals (Singapore) Pte. Ltd. 65.14 31 Dec 2016
2. GIC Private Limited 5.77 30 Sep 2016
3. Dimensional Fund Advisors, L.P. 1.12 31 Jan 2017
4. The Vanguard Group, Inc. 1.11 28 Feb 2017
5. Grantham Mayo Van Otterloo & Co LLC 0.98 30 Nov 2016
6. Aberdeen Asset Management (Asia) Ltd. 0.80 31 Dec 2016
7. Pictet Asset Management Ltd. 0.71 31 Mar 2017
8. Mellon Capital Management Corporation 0.32 31 Mar 2017
9. Parametric Portfolio Associates LLC 0.26 31 Jan 2017
10. RAM Active Investments S.A. 0.23 31 Dec 2016

PLEASE NOTE: Information comes from the companies’ available annual reports (2008 to 2016) 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 endeavoured to gather and include all relevant deals, we cannot guarantee the completeness of the information presented.

Information Updated: 12 May 2017