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  • Once more the two most popular maturities this week were the over 10 year and one to three year tenors, taking 29% and 22% of the market respectively.
  • Double-A credits were the most popular by ratings this week, taking a 38% share of the market. Elsewhere there was little change, though single-B paper did prove more popular with investors. Single-B names took a 10% share, with RCI Banque leading with two notes for Eu300m.
  • EuroWeek understands that British Aerospace will mandate a group of eight to 12 banks next week to arrange a £1.5bn syndicated loan that will be used for general corporate purposes.
  • The Eu500m five year loan for Mol is set to be signed in mid-June after a successful junior syndication is completed.
  • Icebank Sparisjódabanki Islands has signed its Eu50m (increased from Eu30m) three year facility.
  • Crédit Lyonnais, HSBC and State Bank of India are on the verge of being awarded the mandate for a $100m five year term loan for National Thermal Power.
  • Rating: Baa1
  • Mandated lead arrangers Barclays Capital, Citigroup, HSBC, JP Morgan and Royal Bank of Scotland are confident that they can wrap up syndication of the $2.55bn demerger loan for InterContinental Hotels Group next week.
  • Anglo Irish Bank has officially awarded the mandate to arrange a Eu300m three year term loan to BNP Paribas, Danske Bank (bookrunner), Royal Bank of Scotland and WestLB (bookrunner).
  • Rating: A1/A
  • Mandated lead arrangers Banca Intesa (bookrunner), Bank of Tokyo-Mitsubishi, Capitalia, Crédit Agricole Indosuez, HSBC, Sanpaolo IMI, SG (bookrunner) and WestLB have launched syndication of the long awaited Eu1.25bn three year revolver for Edison.