© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Search results for

Tip: Use operators exact match "", AND, OR to customise your search. You can use them separately or you can combine them to find specific content.
There are 369,056 results that match your search.369,056 results
  • Rating: Aaa/AAA Amount: Ck500m
  • Martin Finegold, the former Goldman Sachs trader who founded Kensington Mortgage Co, has set up a new venture in London called Cambridge Place Investment Management. The company will build and manage collateralised debt obligations (CDOs) backed by asset backed securities.
  • Rating: Aaa Amount: $1.5bn designated bonds
  • France Télécom is lining up its relationship banks for the next round of senior syndication of its Eu5bn three year revolving credit facility. A group of 10 banks has been invited to commit to the deal as sub-underwriters for an initial Eu250m to be brought down to Eu200m.
  • Bidding is underway to arrange the Eu1.2bn term loan for Fortum. The borrower is not in any rush, say bankers, and so it may be some time before a mandate is awarded. Fortum last tapped the market in January 2002 with a Eu1.2bn 364 day term loan. Mandated arrangers were Barclays, Citigroup/SSSB, Dresdner Kleinwort Wasserstein, JP Morgan and Nordea. That facility paid a margin of 50bp over Euribor.
  • French holding company Fimalac will increase its capital by up to Eu125m after suffering a net loss in 2002. A spokesperson for Fimalac said it wants to launch the deal before the war with Iraq starts, and considering that there are pre-emptive subscription rights attached to the issue, the sale is likely to be launched within the next few days.
  • The Eu6bn revolver for French utility Electricité de France (EDF) is performing well in syndication. The deal, like so many plain vanilla revolvers for Europe's corporate elite, has frustrated lenders because of the low return on offer. However, EDF is a top name with ancillary business to offer and has the added benefit of having implicit French government support. Because of this raising Eu6bn from the market should not prove too difficult.
  • Mandated lead arrangers ING (bookrunners), HBOS (bookrunner) and Goldman Sachs have received a number commitments in syndication of the £525m of debt facilities supporting the recapitalisation of DIY retailer Focus Wickes. The arrangers hope to close the books next week.
  • Floating rate issuance jumped in the US corporate bond market this week as issuers such as GECC and Citigroup took advantage of a strong bid for short duration paper. Even though short term rates are at 40 year lows, and in spite of the fact that it has so much debt outstanding, GECC had no trouble attracting interest for a $500m two year floater and a $1.5bn three year FRN.
  • CSFB and Merrill Lynch are arranging the debt facilities backing the secondary buy-out of games and casinos business Gala. The banks are backing a consortium of Candover and Cinven. The two private equity sponsors were this week granted exclusivity by the vendor, CSFB Private Equity. CSFB bought the business in 2000.
  • Rating: Aaa/AAA/AAA Amount: Eu4bn EuReference Note
  • Rating: Aaa/AAA/AAA Tranche 1: $500m