Newmont launches loan after five month delay to sell stake

Indonesian miner Newmont Nusa Tenggara (NNT) has approached lenders with a $600m loan, ending a five month wait for a deal that bankers expected to launch in November. They had to wait as the company struggled to reach an agreement with the government on a stake sale, but bankers think that should be finalised this week.

  • 14 Apr 2011
Bookrunners Bank Mandiri, BNP Paribas, and SMBC approached a "small group" of banks last week, after soft-sounding lenders in December. But the deal was put on hold to give the borrower enough time to sell a 7% stake to the government, part of a plan to reduce foreign ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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1 Citi 81,261.11 236 11.52%
2 Bank of America Merrill Lynch 66,433.81 187 9.42%
3 Wells Fargo Securities 57,637.40 170 8.17%
4 JPMorgan 53,570.42 158 7.59%
5 Credit Suisse 45,349.30 117 6.43%