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Banpu Group/Indo Tambangraya Megah (ITM)
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