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
  • 20 Feb 2017
1 Bank of America Merrill Lynch 31,213.81 111 11.63%
2 JPMorgan 20,002.02 83 7.45%
3 Deutsche Bank 16,303.78 54 6.07%
4 Credit Suisse 15,075.93 56 5.62%
5 Citi 14,992.53 54 5.58%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 26.69 1 100.00%
Subtotal 26.69 1 100.00%
Total 26.69 1 100.00%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Feb 2017
1 JPMorgan 1,555.65 4 10.62%
2 Scotiabank 1,078.68 3 7.37%
3 BNP Paribas 964.36 3 6.59%
4 Goldman Sachs 935.56 3 6.39%
5 Bank of America Merrill Lynch 928.68 2 6.34%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 7,631.43 12 11.03%
2 Bank of America Merrill Lynch 4,575.12 14 6.62%
3 Citi 3,984.96 10 5.76%
4 Commerzbank Group 3,849.81 7 5.57%
5 HSBC 3,720.28 13 5.38%

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%