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Opinion: Bumi could hurt refinancing hopes with Rothschild ouster

February 09, 2012  

From Alexander Lobov

The powerful Indonesian Bakrie family’s desire to refinance an expensive loan at Bumi Resources will become more difficult following its attempt to dismiss five Bumi directors, including Nat Rothschild.

Creditors are never glad to see a company’s management and major shareholders at odds, and they become particularly displeased when the latter attempts to make major management changes out of the blue.

Imagine their distress, then, when the two...


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OFFSHORE RMB DCM

Rank Bookrunner Value ($m) No. %Share 2011 YTD Rank
1 HSBC 1,439 15 33.0 1
2 Bank of China Ltd 1,079 5 24.8 14
3 Standard Chartered Bank 513 10 11.8 11
4 Citi 208 4 4.8 3
5 Barclays 198 2 4.5 0
6 Deutsche Bank 159 4 3.6 2
7 Goldman Sachs 152 2 3.5 6
8 RBS 136 3 3.1 5
9 BNP Paribas 95 2 2.2 21
10 JPMorgan 79 1 1.8 7
Subtotal 4,059 29 93.2
Total 4,356 29 100.0


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