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
  • 08 Feb 2016
1 Bank of America Merrill Lynch 14,264.77 52 11.43%
2 JPMorgan 12,581.24 45 10.08%
3 Citi 10,786.30 28 8.64%
4 Wells Fargo Securities 9,709.95 33 7.78%
5 Barclays 7,817.91 21 6.26%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 Sumitomo Mitsui Financial Group 142.86 1 14.29%
1 SG Corporate & Investment Banking 142.86 1 14.29%
1 Natixis 142.86 1 14.29%
1 National Bank of Abu Dhabi PJSC 142.86 1 14.29%
1 Mitsubishi UFJ Financial Group 142.86 1 14.29%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 HSBC 719.01 3 24.66%
2 BNP Paribas 357.37 1 12.26%
3 Lloyds Banking Group 245.09 1 8.40%
3 Investec Bank 245.09 1 8.40%
3 Credit Suisse 245.09 1 8.40%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 HSBC 1,012.56 4 6.74%
2 SG Corporate & Investment Banking 1,007.03 4 6.70%
3 Commerzbank Group 875.20 4 5.82%
4 BNP Paribas 826.35 4 5.50%
5 ING 796.36 4 5.30%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 Morgan Stanley 29.08 3 20.64%
2 Barclays 27.00 1 19.16%
3 HSBC 12.98 6 9.21%
4 Credit Suisse 8.58 2 6.09%
5 BNP Paribas 5.77 9 4.10%