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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
  • 27 Jul 2015
1 JPMorgan 202,727.62 589 11.10%
2 Bank of America Merrill Lynch 173,616.45 624 9.51%
3 Wells Fargo Securities 105,852.30 461 5.80%
4 Citi 98,371.70 309 5.39%
5 Mizuho 83,518.56 376 4.57%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Sumitomo Mitsui Financial Group 2,388.60 5 8.54%
2 Standard Chartered Bank 2,244.44 8 8.02%
3 HSBC 2,092.55 7 7.48%
4 Mitsubishi UFJ Financial Group 1,794.02 5 6.41%
5 Deutsche Bank 1,428.57 3 5.11%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jul 2015
1 JPMorgan 9,174.93 30 8.16%
2 Goldman Sachs 8,307.27 28 7.39%
3 UniCredit 8,242.41 37 7.33%
4 BNP Paribas 8,173.24 47 7.27%
5 Deutsche Bank 7,965.41 36 7.08%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 HSBC 27,727.61 100 7.68%
2 JPMorgan 21,982.84 50 6.09%
3 BNP Paribas 21,419.13 130 5.93%
4 Deutsche Bank 21,038.50 96 5.83%
5 Credit Agricole CIB 17,624.18 80 4.88%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jul 2015
1 JPMorgan 138.33 108 8.28%
2 Deutsche Bank 91.80 168 5.49%
3 UniCredit 89.68 190 5.37%
4 BNP Paribas 87.01 282 5.21%
5 HSBC 68.60 273 4.11%