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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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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Sep 2014
1 JPMorgan 337,420.00 1189 13.14%
2 Bank of America Merrill Lynch 262,539.13 904 10.23%
3 Citi 158,169.44 457 6.16%
4 Wells Fargo Securities 133,408.23 637 5.20%
5 Mizuho 98,193.78 441 3.82%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Sep 2014
1 Standard Chartered Bank 2,342.70 9 9.72%
2 HSBC 2,154.57 13 8.93%
3 Barclays 1,965.83 11 8.15%
4 JPMorgan 1,600.25 8 6.64%
5 Citi 1,576.68 9 6.54%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Sep 2014
1 Deutsche Bank 13,358.81 39 0.00%
2 JPMorgan 13,073.27 29 0.00%
3 BNP Paribas 11,426.10 46 0.00%
4 Bank of America Merrill Lynch 10,039.57 14 0.00%
5 Credit Agricole CIB 9,539.49 27 0.00%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Sep 2014
1 BNP Paribas 39,978.97 156 7.85%
2 Barclays 26,780.35 97 5.26%
3 Credit Agricole CIB 25,896.26 102 5.09%
4 HSBC 24,429.87 139 4.80%
5 RBS 23,936.58 93 4.70%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Sep 2014
1 Deutsche Bank 232.93 213 7.56%
2 BNP Paribas 173.19 346 5.62%
3 JPMorgan 169.97 167 5.51%
4 HSBC 152.08 352 4.93%
5 Barclays 134.14 254 4.35%