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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
  • 28 Jul 2014
1 JPMorgan 263,670.95 974 13.00%
2 Bank of America Merrill Lynch 201,630.99 705 9.94%
3 Citi 114,946.61 358 5.67%
4 Wells Fargo Securities 110,230.58 501 5.44%
5 Mizuho 86,472.93 363 4.26%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jul 2014
1 Standard Chartered Bank 2,142.70 8 10.70%
2 Barclays 1,855.83 10 9.27%
3 HSBC 1,522.07 9 7.60%
4 Citi 1,119.48 7 5.59%
5 JPMorgan 978.05 6 4.89%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2014
1 Deutsche Bank 11,319.81 32 8.30%
2 JPMorgan 10,370.35 25 7.61%
3 BNP Paribas 8,808.34 31 6.46%
4 Credit Agricole CIB 8,695.60 21 6.38%
5 Morgan Stanley 8,021.03 10 5.88%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jul 2014
1 BNP Paribas 30,731.58 128 7.53%
2 Credit Agricole CIB 22,312.48 83 5.47%
3 HSBC 19,860.98 105 4.86%
4 UniCredit 19,386.12 93 4.75%
5 Commerzbank Group 19,255.22 109 4.72%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2014
1 Deutsche Bank 174.99 168 7.22%
2 JPMorgan 140.15 145 5.78%
3 BNP Paribas 121.97 259 5.03%
4 HSBC 118.45 255 4.88%
5 Morgan Stanley 106.80 42 4.40%
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