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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1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%