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  • The past year has been a positive one for all areas of the EuroMTN market. Dealers have seen strong flows, borrowers have benefited from healthy investor demand and the structured market has continued to develop. EuroWeek asked treasury officials at two leading borrowers - Dutch credits Bank Nederlandse Gemeenten (BNG) and Rabobank Nederland - for their views on the year so far and their expectations for the coming months.
  • Rating: Aaa/AAA
  • Compiled by Annie Seelaus
  • Avanguard Bank is launching a $14m secured syndicated gold loan. Avanguard Bank, after borrowing the funds, will lend the money to six Russian gold mines in Siberia, known as Artels.
  • Standard Bank has been mandated as the lead arranger on what may be Romania's first leveraged buy-out: the $18.8m purchase of Terapia Holding by Advent International, the European Bank for Reconstruction and Development and the Netherlands Development Finance Corporation.
  • Abanka has increased its Eu40m facility to Eu55m after a 50% oversubscription. The three year facility being led by Bank Austria, HSH Nordbank and RZB, pays a margin of 45bp. Before general syndication Alpha Bank, Banca Populare di Verona e Novara, Dresdner Kleinwort Wasserstein and Landesbank Baden-Württemberg joined the facility.
  • Investec has mandated BayernLB, Crédit Lyonnais, HSH Nordbank and RBS to arrange its $125m medium term debt facility. This is the first time Investec has tapped the medium term debt market. It last approached the market in September with a $100m one year loan paying a margin of Libor plus 30bp.