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  • Do we detect some jockeying for position at Barclays Bank, where chief executive, Matt Barrett, may be moving onwards and upwards? The genial Irishman - he has binned his Canadian roots - has had a good run and now has his eye on the office of chairman, Sir Peter Middleton who, at the age of 69, is due to hang up his all-night dancing shoes.
  • Rating: Aaa/AAA Amount: Huf5bn (fungible with Huf10bn issue launched 09/01/03)
  • Rating: A2/BBB+ Amount: Skr400m
  • Guarantor: Yorkshire Water Services Ltd Rating: A2/A/A+
  • Class A notes: £550m Rating: Aa3
  • Arrangers ABN Amro, ANZ Investment Bank, JP Morgan and WestLB are waiting on a handful of stragglers to join the A$932m project financing for Australia Magnesium Corp. Around seven or eight banks have joined and a couple have already been formally signed up, with the remainder still being processed.
  • EuroWeek hears that the £2bn facility for BAe Systems will be launched once the company has released its preliminary 2002 results on February 20. BAe has not yet formalised which banks will be lead arrangers, but likely contenders are BNP Paribas, Citigroup/SSSB, Deutsche Bank, Dresdner Kleinwort Wasserstein, HSBC and Lloyds.
  • Syndication of the $500m 10 year facility for Alba is going well and the deal is already oversubscribed. So far 12 banks have committed. The group is comprised of mainly regional banks, but also some international banks. Banks will be signed in at the end of February or the first week of March.
  • Rating: A2/A/A+ Amount: $650m
  • Mandated arrangers Commerzbank and KBC will sign banks into the $200m five year dual-tranche credit facility for Flexsys today (Friday) in Brussels. The deal has been oversubscribed to close to $300m, but the borrower has not accepted the increase. For details see EuroWeek 787.
  • Amount: Eu409m Rating: Fitch and Standard & Poor's