Rating: A3/A-/BBB+ Amount: $700m

Rating: Aaa/AAA/AAA Amount: Eu1bn Öffentlicher Pfandbrief series 6

Mandated arranger Bank of Tokyo-Mitsubishi has closed syndication of the $150m multi-tranche facility for the Central Bank of the Republic of Seychelles. Signing will take place in three weeks. The deal was modestly oversubscribed, but will not be increased. Barclays Bank (facility agent) and Standard Chartered have joined as lead arrangers.

Despite complaints about the high total debt ratio of 6.4 times for the Eu1.2bn of senior and subordinated debt backing the PAI-led buy-out of Elis, the initial response to the deal has been enthusiastic. Arrangers CIBC and Crédit Agricole Indosuez have been inundated with reverse enquiries from investors and EuroWeek understands that of the three banks invited into the deal as co-lead arrangers, one institution has already committed.

ABN Amro (documentation agent) and Barclays (facility agent) have signed banks into the Eu350m five year multi-currency revolver for International Flavors & Fragrances (Luxembourg) Sárl. Allied Irish Bank, BNP Paribas, Bank of Tokyo-Mitsubishi, Crédit Industriel et Commercial, Danske Bank, Fortis Bank, ING Bank and Rabobank have committed Eu22.25m apiece as co-arrangers.

Sparebanken Nord-Norge has awarded the mandate for its new Eu80m dual currency revolver to BayernLB, Danske Bank, DZ Bank and Swedbank. Terms and conditions of the deal will be released when it is launched into syndication.