Bakrie asks for time to find loan solution

Indonesia’s Bakrie & Brothers is in negotiations with its lenders about paying back a $1.345bn bridge loan, after shares backing the deal plummeted earlier this month. The company could turn to industry rivals for funding — and it looks likely to get some breathing room from its lender before being forced to pay back the cash.

  • 13 Oct 2011

Bakrie & Brothers and related company Long Haul Holdings took out the loan in March, offering lenders security in the form of shares in Bumi plc,

a London-listed vehicle which owns big stakes in two Bakrie companies, Bumi Resources and Berau Coal. But those shares have recently dropped ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 16.10
2 Rabobank 15.11
3 Barclays 9.42
4 Credit Agricole 7.93
5 Morgan Stanley 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%