Pre-migration untagged articles

Bank of America and UBS have signed the $5.75bn facility for Hilton Hotels Corp. The loan comprises a $3bn five year revolver, a $2bn seven year term loan 'A' and a $500m institutional term loan 'B' targeted at non-bank investors. Five tickets were on offer: lead arranger tickets for $250m at 40bp; co-arranger tickets for $100m at 32.5bp; lead manager tickets of $75m at 25bp; and participant tickets of $50m and $25m with a fee of 25bp.

Packaging company Multicolor Corporation has mandated ABN Amro to coordinate a $140m acquisition loan for Belgian packing company Bopak. The facility will be split into a $80m and $60m piece, the latter can be drawn in euros. EuroWeek hears the tenor of the facility is five years.

The most interesting feature of the euro swap market this week was that 30 year swap rates climbed above 4.0% and stayed there. Indeed, by the close yesterday, they were around 4.12%.

HSBC printed a self-led Eu300m 15 year inflation-linked and constant maturity swap (CMS) rate-linked hybrid trade on Monday, described by one banker as being the largest publicly offered trade of its kind to be issued in the Euromarkets.