In today’s briefing:
- Golden Eagle Energy (SMMT IJ): Trading Wide To Terms
- Asia Trade Book – September 2023 – Lucror Analytics
Golden Eagle Energy (SMMT IJ): Trading Wide To Terms
- On the 26 July, Geo Energy Resources (GERL SP) announced an agreement to acquire a majority stake in coal miner Golden Eagle Energy (SMMT IJ) (GEE).
- Via an S&P, GEO intends to buy a 58.7% stake in Golden Eagle from Indonesian conglomerate Rajawali Group for US$154.1mn.
- The completion of the S&P, which is subject to Indonesia’s OJK and Geo shareholder approval, will trigger an MTO at IDR 1,255/share.
Asia Trade Book – September 2023 – Lucror Analytics
The Asia Trade Book for September 2023 includes a summary of our recommendations, as well as our high-conviction ideas. The report also features relative-value charts and lists of the bonds across Asia HY and crossover credits.
Please reach out to our analysts to discuss any of these ideas, or other trade recommendations from our Asia coverage.
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