Search results for

Guarantor: Hamburgische Landesbank Girozentrale Rating: Aa1/AA/AAA

Guarantor: Bank of Scotland Rating: Aa2/AA/AA+

Guarantor: Bank of Scotland Rating: Aa2/AA/AA+

Amount: Eu1.175bn Rating: Moody's/Fitch

The $315m five year acquisition facility for HIT Entertainment has been launched into syndication through arranger Barclays Capital. The deal is structured between a $50m revolver and a $265m amortising term loan.

EuroWeek hears that Barclays is in the market with £130m club loan for Holiday Break. The deal supports the borrower's acquisition of EuroSites as well as the refinancing of existing debt.

Barclays Capital and Royal Bank of Scotland are holding discussions with banks for a new financing to support the planned £900m acquisition of DIY and home furnishings retailer Homebase, which is being sold by private equity sponsor Permira by GUS. More details are expected within the next few weeks.

Hong Kong Mortgage Corp is tapping the market for a HK$1.5bn five year fundraising through mandated arrangers ABN Amro, Citigroup/SSB and Tokyo-Mitsubishi International (Hong Kong). The deal was upsized from HK$1.25bn during underwriting, with Bank of China (Hong Kong) committing HK$300m as an arranger.

Mandated arrangers BayernLB and BNP Paribas will close syndication of the Eu125m three year facility for OTP Bank next week. An oversubscription has already been received. The deal has attracted the support of both OTP's relationship banks and also a number of other investors. Throughout syndication there were suggestions that the deal was in trouble, but a banker told EuroWeek that the borrower's relationship banks have given strong support to the transaction. The facility pays a tight-looking margin of 20bp over Libor. Three tickets are on offer: arranger for a take of Eu15m; co-arranger for a take of Eu10m; and lead manager for a take of Eu5m.

Rating: AAA (S&P) Amount: Sfr100m (fungible with Sfr200m issue launched 16/10/02)

Industrial Bank of Korea’s (IBK) new $350m five year Eurobond was hit by widespread criticism this week for having been priced wider than expected.

Industrial Bank of Korea’s (IBK) new $350m five year Eurobond was hit by widespread criticism this week for having been priced wider than expected.