Search results for

Rating: Aaa/AAA Amount: $3bn

Mandated arrangers ABN Amro, Barclays Bank (co-ordinating bookrunner), Dresdner Kleinwort Wasserstein and Nordea (co-ordinating bookrunner) have signed banks into the Eu1bn five year facility for Fortum. The deal was oversubscribed and increased to Eu1.2bn. BNP Paribas, Citibank, Crédit Agricole Indosuez, Danske Bank, Den norske Bank, Deutsche Bank, Fortis International Finance, HSBC Bank, SEB Merchant Banking, Svenska Handelsbanken, Swedbank, Bank Brussels Lambert, Morgan Stanley, NordLB, OKO Osuuspankkien Keskuspankki Oyj and Sampo Bank joined the deal during syndication.

Guarantor: First Active plc Rating: A3

Bookrunners BBVA and SG with mandated lead arrangers Crédit Agricole Indosuez, Deutsche Bank and HSBC/CCF will launch syndication of the Eu2.5bn loan for Carrefour next week. The loan is split into Eu1bn and Eu1.5bn tranches and will refinance an existing revolver, arranged by Citigroup/SSSB and BNP Paribas. For more details see EuroWeek 797.

Rating: Aaa/AAA/AAA Amount: $1bn (fungible with $5bn issue launched 14/01/03)

Türkiye Garanti Bankasi has approached banks to bid for the mandate to arrange its Eu200m-Eu250m one year refinancing. The borrower has requested bids from its relationship banks by the end of this month and the mandate will be awarded in the middle of May. This will be the first deal in 2003 from a country which bankers consider a staple of the loan market,.

Rating: Baa1/BB+ Amount: Eu400m

Rating: Aaa/AAA Amount: £600m

Rating: Aaa/AAA/AAA Amount: Nkr250m (fungible with Nkr500m issue launched 18/02/03)

Rating: Aaa/AAA/AAA Amount: $100m (fungible with $500m issue launched 12/02/03)

Merck is considering an increase on its Eu900m revolver after achieving an oversubscription through lead banks Citigroup, Commerzbank and Dresdner Kleinwort Wasserstein. Debt is split into a Eu300m one year tranche 'A' and a Eu600m five year tranche 'B'. The initial margin on tranche 'A' is 35bp over Euribor and 42.5bp on tranche 'B'. There is a 5bp utilisation fee if over 50% of the loan is drawn.

Public Power Corporation has mandated ABN Amro and EFG Telesis Finance to arrange a Sfr510m loan facility. The deal will feature two, three and five year tranches and refinances a $500m loan signed in 1998.