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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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Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jul 2014
1 Goldman Sachs 10,084.76 55 8.07%
2 UBS 7,741.36 72 6.20%
3 Citi 6,262.01 37 5.01%
4 Morgan Stanley 5,742.05 51 4.60%
5 Credit Suisse 5,215.40 58 4.18%

Bookrunners of Asia (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 Citi 19,772.25 99 0.00%
2 HSBC 17,265.62 107 0.00%
3 JPMorgan 15,826.06 78 0.00%
4 Bank of America Merrill Lynch 12,398.56 71 0.00%
5 Deutsche Bank 11,933.95 59 0.00%

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