Buma turns to loan market for bond buyback cash

Indonesian coal miner Bukit Makmur Mandiri Utama (Buma) turned to the loan market to raise 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 less than a year after it priced.

  • 30 Nov 2010

The company will use the proceeds of the five year deal to repurchase the bond and refinance a $285m loan which together funded Buma’s acquisition by Northstar Pacific Partners, an Indonesian private equity fund linked to Texas Pacific Group. Northstar used another company, Delta Dunia, to buy Buma.

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Aug 2016
1 JPMorgan 224,267.39 661 11.39%
2 Bank of America Merrill Lynch 218,435.77 696 11.09%
3 Citi 135,500.35 380 6.88%
4 Wells Fargo Securities 120,782.41 502 6.13%
5 Mizuho 105,822.46 468 5.37%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Aug 2016
1 SG Corporate & Investment Banking 4,263.33 7 9.69%
2 Mitsubishi UFJ Financial Group 3,398.57 7 7.72%
3 Standard Chartered Bank 2,783.77 13 6.33%
4 Sumitomo Mitsui Financial Group 2,631.52 6 5.98%
5 Mizuho 2,621.83 8 5.96%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Aug 2016
1 UniCredit 11,259.45 47 10.56%
2 JPMorgan 10,026.46 19 9.41%
3 HSBC 9,267.84 28 8.70%
4 Credit Suisse 6,891.46 11 6.47%
5 BNP Paribas 6,816.95 47 6.40%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Aug 2016
1 BNP Paribas 23,707.73 103 6.78%
2 UniCredit 23,360.96 107 6.69%
3 JPMorgan 23,076.45 41 6.60%
4 HSBC 19,192.10 94 5.49%
5 ING 16,697.84 101 4.78%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%