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  • House of Fraser has increased its £180m five year facility to £200m and has signed it through sole mandated lead arranger HSBC.
  • Road King Infrastructure is in discussions with banks about a loan to finance potential projects in China.
  • Guarantor: HSH Nordbank AG
  • Hungary has completed its international borrowing requirements for the year with a Eu1bn seven year bond that features the lowest ever coupon - 4% - achieved by an EU convergence sovereign.
  • The Municipality of Budapest is in the market soliciting bids for a seven year Eu100m facility to finance infrastructure.
  • Guarantor: Land Kärnten
  • Rating: Aa1/AAA (Moody's/Fitch)
  • The $75m financing for Tata Sons is receiving a positive response from the market with mandated arrangers Barclays Capital, Crédit Agricole, Development Bank of Singapore and State Bank of India receiving more commitments from banks.
  • Amount: A$500m
  • Growing concerns about inflation are pushing fixed income investors around the world into inflation-linked bonds, according to a survey by Merrill Lynch Investment Managers.
  • The Electricity Supply Board (ESB) has been sending out request for financing proposals to banks. The utility, which is 95% government owned, is looking for Eu500m at a margin of around 32.5bp.
  • The Eu925m in senior debt supporting the LBO of Fiat Avio will be signed at the end of the month. Due to a 30% oversubscription, the facility will not proceed to general syndication.