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  • The pipeline is building as the summer holidays draw to a close, promising a busy start to September. Participants are waiting to see if the market returns with a bang after the Labor day weekend in the US on Tuesday, or whether a few more days are needed before the pace hots up.
  • Barclays Capital and Merrill Lynch have closed senior syndication of the £530m of senior debt supporting Terra Firma's buy-out of Waste Recycling Group from Kelda.
  • The US Board of Governors of the Federal Reserve Board has ordered WestLB to pay a penalty of $3m in a settlement of allegations that the bank extended credit to customers in exchange for underwriting business - known as tying. Additionally, the board is requiring that WestLB come up with an acceptable programme of compliance with regulations prohibiting tying, as well as provide training for US employees on the regulations.
  • Can the bull run of convertible issuance keep going into the final quarter? EuroWeek takes a look at a market that has had an exceptional year so far. But also one that will have to contend with increasing interest rates, lower equity market volatility and a drop-off in demand from hedge funds and dedicated convertible buyers.
  • Mandated lead arrangers ABN Amro and HSBC have announced the bank group for the £1.25bn Yell refinancing.
  • Gazprom is likely to be the first Russian corporate to prise open the Euromarkets after the summer break, following oil major Yukos's decision to take out a syndicated loan before attempting any bond financing.
  • The £154m senior debt financing the buy-out of poultry breeder Aviagen by Advent International has been oversubscribed and banks' allocations will be scaled back. Ten banks have been signed in for the senior portion and six banks will be providing the mezzanine finance.
  • Is this the quietest week of the year? With the public holiday in the UK and 90% of our closest Euromarket friends basking on sun drenched beaches, or relaxing on the after-deck of their multi-million dollar yachts, there is a brief but enjoyable lack of urgency.
  • The pipeline is building as the summer holidays draw to a close, promising a busy start to September. Participants are waiting to see if the market returns with a bang after the Labor day weekend in the US on Tuesday, or whether a few more days are needed before the pace hots up.
  • BMI
    EuroWeek hears that a new deal from the media sector is in the pipeline and also that music publisher BMI may be launching a refinancing facility soon with Barclays Capital and BNP Paribas among the banks to be involved.