Bumi issues $700m to repay debt, converts loans to equity

Indonesia’s Bumi Resources sold a $700m seven non-call four bond at the end of last week, kicking off a plan to pay off short term debt with longer term borrowings only days before it converted $362m of debt into equity.

  • 07 Oct 2010

Credit Suisse, Deutsche Bank and JPMorgan managed the deal, which came at the end of a week of heavy issuance in Asia. They had sounded out investors with guidance of 10.75%-11%, and ended up pricing the issue at the tight end after getting strong demand.

The company will use ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,565.51 5 12.77%
2 Credit Suisse 1,240.24 4 10.12%
3 Deutsche Bank 1,035.28 3 8.44%
4 Citi 1,001.75 5 8.17%
5 Bank of America Merrill Lynch 685.81 4 5.59%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 807.11 8 8.36%
2 Morgan Stanley 732.63 4 7.59%
3 Goldman Sachs 657.29 6 6.81%
4 Credit Suisse 577.70 7 5.99%
5 JPMorgan 572.76 6 5.93%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,480.54 32 9.18%
2 Citi 3,899.63 30 7.99%
3 Credit Suisse 3,582.10 24 7.34%
4 Wells Fargo Securities 3,129.35 23 6.41%
5 Bank of America Merrill Lynch 2,721.10 26 5.58%