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
  • 05 Dec 2016
1 JPMorgan 378,728.88 989 12.00%
2 Bank of America Merrill Lynch 351,588.92 1049 11.14%
3 Citi 216,217.14 570 6.85%
4 Wells Fargo Securities 174,932.07 762 5.54%
5 Mizuho 151,547.80 691 4.80%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 JPMorgan 5,902.99 10 8.59%
2 HSBC 4,655.60 14 6.77%
3 Mitsubishi UFJ Financial Group 4,528.41 10 6.59%
4 Standard Chartered Bank 4,469.83 23 6.50%
5 Bank of China 4,455.56 5 6.48%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 Dec 2016
1 JPMorgan 16,729.47 35 9.65%
2 UniCredit 16,525.60 72 9.53%
3 HSBC 15,312.80 44 8.83%
4 Credit Suisse 10,076.32 23 5.81%
5 BNP Paribas 9,810.23 72 5.66%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 JPMorgan 42,062.15 71 7.42%
2 HSBC 35,562.34 135 6.27%
3 BNP Paribas 34,319.54 159 6.05%
4 UniCredit 33,240.61 156 5.86%
5 ING 24,131.05 135 4.26%

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%