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  • April 17 2014
Syndicated Loans

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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Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
1 Goldman Sachs 4,372.99 22 7.64%
2 Credit Suisse 2,917.52 32 5.10%
3 China Securities Co Ltd 2,894.31 9 5.06%
4 UBS 2,692.62 33 4.70%
5 Guosen Securities Co Ltd 2,486.66 12 4.34%

Bookrunners of Asia (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
1 Citi 10,668.27 55 12.09%
2 HSBC 8,823.27 54 10.00%
3 JPMorgan 6,887.25 34 7.81%
4 Deutsche Bank 6,286.49 30 7.13%
5 Bank of America Merrill Lynch 6,009.61 34 6.81%

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