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  • Innogy subsidiary National Wind Power has mandated ABN Amro, Bank of Scotland, Bank of Tokyo-Mitsubishi, BNP Paribas, Fortis Bank, HVB Group and Royal Bank of Canada to arrange a £300m 18 year project financing for the North Hoyle offshore wind energy project.
  • Rating: Aa3/A+/AA-
  • Early commitments are expected next week for NATS' £346m senior credit facilities. Bankers said the deal has been well received and they hope to close syndication on September 26. NATS is unable to accept an increase in the facility.
  • Akzo Nobel is launching a Eu1.5bn multi-currency revolving credit and swingline facility via mandated lead arrangers ABN Amro, Barclays Capital, Citigroup, Deutsche Bank and HSBC.
  • GERMANY
  • Rating: Aa1/AA+
  • The spread for the BT tender offer to purchase up to 40% of its outstanding Eu2.25bn 7.125% February 2011 bond has been fixed at 57bp over Bunds, from an indicated range of 50bp-60bp over, and representing a 15bp concession to the offer side of the market.
  • China Shipping Development, a subsidiary of the China Shipping Group, has mandated SG Asia to arrange an $80m ship financing.
  • Rating: A2/A
  • Amount: Eu100m and ¥21.9bn
  • Rating: Aaa/AAA/AAA
  • Rating: Aaa/AAA/AAA