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  • Castle Peak Power plans to raise a $500m five year credit.
  • Guarantor: Holcim Ltd
  • The $400m financing package for Transpacific Petrochemical Indomata has reached financial close. Mandated arranger is Sumitomo Mitsui Banking Corp (SMBC).
  • Banks are still waiting for Power Finance Corp to award the mandate of a $100m one year fundraising.
  • Rating: A1/AA-/AA-
  • ABN Amro and Royal Bank of Scotland have been mandated to arrange a $400m five year loan for International Power. The deal will be syndicated on a best efforts basis. There will be a general syndication phase, in which the facility may be increased.
  • Irish Nationwide Building Society has mandated BNP Paribas, Danske Bank, Royal Bank of Scotland and WestLB to arrange a £200m three year, four month term loan. The deal was expected by bankers to have been launched into syndication yesterday (Thursday).
  • Japan Telecom's ¥130bn five year fundraising arranged by Crédit Lyonnais, ABN Amro Securities (Japan), Bank of Tokyo-Mitsubishi, Citibank (Tokyo), ING Bank (Tokyo), JP Morgan Securities Asia, Mizuho Corporate Bank, Norinchukin Bank, Sumitomo Mitsui Banking Corp, UFJ Bank and WestLB will be completed next week.
  • Amount: ¥21.8bn
  • JP Morgan paid a $25m civil penalty this week to settle allegations brought by the US Securities and Exchange Commission (SEC) that it wrongly allocated IPO stock to institutional clients in 1999 and 2000.
  • JP Morgan paid a $25m civil penalty this week to settle allegations brought by the US Securities and Exchange Commission (SEC) that it wrongly allocated IPO stock to institutional clients in 1999 and 2000.