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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
  • 26 Jan 2015
1 Bank of America Merrill Lynch 4,300.63 16 10.21%
2 Wells Fargo Securities 4,072.45 15 9.67%
3 JPMorgan 3,861.67 14 9.17%
4 Mitsubishi UFJ Financial Group 3,231.64 9 7.67%
5 Mizuho 2,768.69 10 6.57%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 UniCredit 125.00 1 8.33%
1 Sumitomo Mitsui Financial Group 125.00 1 8.33%
1 Mizuho 125.00 1 8.33%
1 Mitsubishi UFJ Financial Group 125.00 1 8.33%
1 JPMorgan 125.00 1 8.33%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jan 2015
1 JPMorgan 17,574.71 38 7.37%
2 Deutsche Bank 17,540.85 56 7.36%
3 BNP Paribas 15,671.07 70 6.58%
4 Credit Agricole CIB 13,023.86 45 5.46%
5 UniCredit 12,965.71 57 5.44%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 JPMorgan 7,654.17 3 47.87%
2 Credit Agricole CIB 2,846.92 3 17.81%
3 Deutsche Bank 508.74 2 3.18%
3 Commerzbank Group 508.74 2 3.18%
5 Santander 452.07 2 2.83%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jan 2015
1 Commerzbank Group 1.16 6 6.69%
2 Credit Agricole CIB 1.04 3 6.00%
3 Deutsche Bank 1.03 4 5.93%
4 BNP Paribas 1.03 5 5.91%
5 Barclays 0.96 3 5.53%