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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
  • 29 Jun 2015
1 JPMorgan 170,950.65 483 11.30%
2 Bank of America Merrill Lynch 148,872.46 531 9.84%
3 Wells Fargo Securities 91,151.23 400 6.02%
4 Citi 77,515.98 248 5.12%
5 Mizuho 74,287.88 336 4.91%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Sumitomo Mitsui Financial Group 2,388.60 5 9.50%
2 Standard Chartered Bank 2,178.99 7 8.67%
3 HSBC 2,027.10 6 8.06%
4 Mitsubishi UFJ Financial Group 1,728.57 4 6.88%
5 Deutsche Bank 1,428.57 3 5.68%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 JPMorgan 7,538.14 25 8.85%
2 Goldman Sachs 6,405.97 22 7.52%
3 BNP Paribas 6,381.36 41 7.49%
4 UniCredit 6,132.28 30 7.20%
5 Deutsche Bank 5,651.29 25 6.63%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 JPMorgan 21,361.13 46 6.88%
2 Deutsche Bank 19,811.27 79 6.38%
3 BNP Paribas 19,144.57 112 6.17%
4 Credit Agricole CIB 14,964.90 71 4.82%
5 HSBC 14,232.00 78 4.58%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 JPMorgan 104.49 92 7.26%
2 BNP Paribas 69.85 234 4.85%
3 Deutsche Bank 65.10 132 4.52%
4 UniCredit 63.77 152 4.43%
5 Bank of America Merrill Lynch 62.45 85 4.34%