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Securitization - CLO/CDO

Buma loan to fund quick bond buyback

Indonesian coal miner Bukit Makmur Mandiri Utama (Buma) has tapped the loan market for money to buy back one of its outstanding bonds, signing a $600m deal that it will use to redeem a $315m 11.75% 2014 bond just one year after it was priced.

  • 02 Dec 2010
The company will use the proceeds of the five year facility to repurchase the bond and refinance a $285m loan that together funded Buma’s acquisition by Delta Dunia Makmur in October 2009. Delta is 40% owned by Northstar Pacific Partners, an Indonesian private equity fund linked to Texas ...

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CLO

IssuerArrangerSize ($M)
THL Credit, Wind River 2014-3Deutsche Bank408.68
York CLO Managed Holdings, York CLO-1Credit Suisse412.85
NewStar Financial, NewStar Clarendon FundCiti407.40

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Dec 2014
1 JPMorgan 70,278.75 167 10.53%
2 Citi 57,831.20 154 8.66%
3 Barclays 57,307.12 148 8.58%
4 Bank of America Merrill Lynch 57,124.96 167 8.56%
5 Credit Suisse 55,331.04 133 8.29%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Dec 2014
1 JPMorgan 10,367.66 21 12.72%
2 Deutsche Bank 6,702.94 20 8.22%
3 Bank of America Merrill Lynch 5,509.73 14 6.76%
4 Citi 5,022.24 13 6.16%
5 Barclays 4,839.91 15 5.94%