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  • The French media group Lagardère completed a quickfire Eu140m sale of shares in Renault Monday morning. Lagardère had for some time expressed a desire to exit its stake in the French car manufacturer and on Monday it took that opportunity.
  • Rating: Aaa/AAA Tranche 1: C$100m
  • Rating: AAA/AAA (S&P/Fitch) Amount: Eu750m Öffentlicher Pfandbrief
  • Rating: AAA (Fitch) Amount: Eu500m Landesschatzanweisung series 0302
  • Guarantor: Landesbank Rheinland-Pfalz Girozentrale Rating: Aa1/AA/AAA
  • Rating: AAA (Fitch) Amount: Eu1.5bn
  • Mandated arrangers Bank Austria Creditanstalt, NordLB and Nordea signed a Eu40m five year EIB guaranteed club-style facility for power company Latvenergo this week. The borrower last tapped the market in October 2002 with a Eu25m five year credit facility. Mandated arranger was Parex Bank. The deal paid a margin of 50bp over Libor.
  • Rating: Aaa/AAA/AAA Amount: A$100m
  • While the tooth marks on Bill Symington's bottom might now have begun to fade, Leak's memory has not. For the legendary London banker responsible for the biggest feat of cheek since Oliver asked for more, the time is ripe to face up to his misdeeds.
  • The Italian region of Lazio this week used structured finance techniques to raise Eu1.1bn, clearing its past healthcare deficit. The deal is the first in a series of sale and leaseback securitisations of regional hospitals to come from the region the year. Arranged by Merrill Lynch and MedioCredito Centrale, and joint lead managed by Barclays Capital, Deutsche Bank and Lehman Brothers, the deal confirms the increasing sophistication of Italian regions in the ABS market. Sicily has recently closed two repackaging deals to fund employment and healthcare contributions and the region of Friuli-Venezia is planning a Eu100m real estate securitisation.
  • While the tooth marks on Bill Symington's bottom might now have begun to fade, Leak's memory has not. For the legendary London banker responsible for the biggest feat of cheek since Oliver asked for more, the time is ripe to face up to his misdeeds.
  • Jonathan Brown, formerly chief operating officer of JP Morgan's UK investment banking division, has joined Lehman Brothers as its senior relationship banker in UK coverage. Brown spent the last 23 years working in UK investment banking at JP Morgan and Salomon Brothers.