Commitments roll in for Buma's buy-out loan

06 Oct 2009

Indonesian mining contractor Bukit Makmur Mandiri Utama (Buma) is expected to put together a group of six lead banks for its $200m to $250m loan by early next week after a handful of lenders joined the deal.

Deutsche Bank, ING and Macquarie Bank have all joined Barclays Capital on the deal, with existing lenders including Bank of Tokyo-Mitsubishi UFJ and Mizuho expected to join shortly.

Each bank is expected to have made commitments worth around $30m to $50m.

One loans banker close to the deal said ...

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