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.

Loans ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Mark Goodes on +44 (0)20 7779 8605 or email mark.goodes@globalcapital.com to discuss your requirements.

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2016
1 Bank of America Merrill Lynch 196,701.01 615 11.33%
2 JPMorgan 195,171.21 587 11.24%
3 Citi 124,318.30 340 7.16%
4 Wells Fargo Securities 101,912.87 428 5.87%
5 Mizuho 92,305.31 426 5.32%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jul 2016
1 SG Corporate & Investment Banking 4,263.33 7 9.97%
2 Mitsubishi UFJ Financial Group 3,398.57 7 7.95%
3 Sumitomo Mitsui Financial Group 2,631.52 6 6.16%
4 Mizuho 2,621.83 8 6.13%
5 Standard Chartered Bank 2,508.77 12 5.87%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2016
1 UniCredit 10,134.55 39 11.30%
2 JPMorgan 7,849.93 16 8.75%
3 HSBC 7,546.41 20 8.41%
4 Credit Suisse 6,891.46 11 7.68%
5 Rabobank 6,387.73 9 7.12%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jul 2016
1 UniCredit 18,078.81 87 6.36%
2 HSBC 16,282.66 75 5.73%
3 SG Corporate & Investment Banking 14,434.20 68 5.08%
4 Barclays 14,301.22 27 5.03%
5 ING 13,320.97 84 4.69%

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%