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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
  • 11 Aug 2014
1 JPMorgan 290,348.17 1075 13.12%
2 Bank of America Merrill Lynch 222,928.12 777 10.07%
3 Citi 133,600.65 402 6.04%
4 Wells Fargo Securities 120,147.78 552 5.43%
5 Mizuho 89,048.25 385 4.02%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Aug 2014
1 Standard Chartered Bank 2,342.70 9 10.17%
2 Barclays 1,965.83 11 8.53%
3 HSBC 1,832.07 11 7.95%
4 JPMorgan 1,600.25 8 6.94%
5 Citi 1,441.68 8 6.26%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Aug 2014
1 Deutsche Bank 12,263.48 35 8.67%
2 JPMorgan 10,822.07 26 7.65%
3 BNP Paribas 9,277.96 37 6.56%
4 Credit Agricole CIB 8,930.68 24 6.31%
5 Morgan Stanley 8,021.03 10 5.67%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Aug 2014
1 BNP Paribas 33,407.13 146 7.57%
2 Credit Agricole CIB 24,087.32 95 5.46%
3 HSBC 22,170.66 125 5.02%
4 UniCredit 20,938.85 102 4.74%
5 Commerzbank Group 20,285.28 116 4.60%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Aug 2014
1 Deutsche Bank 215.82 195 7.83%
2 JPMorgan 179.40 158 6.51%
3 BNP Paribas 151.68 316 5.50%
4 HSBC 130.17 305 4.72%
5 Credit Agricole CIB 119.37 215 4.33%
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