Search results for

Guarantor: TotalFinaElf SA Rating: Aa2/AA

The 16 mandated arrangers will close syndication of the $250m 365 day facility for Türkiye is Bankasi (Isbank) by today (Friday). The deal has been oversubscribed to over $300m, but it is not known how much of an increase the borrower will accept. The deal will be signed on December 17. So far 20 banks joined during general syndication. For further details see EuroWeek 778. The mandated arranger will close syndication of the $150m 365 day facility for Koç Holding on Friday December 20. The deal has already raised in excess of $200m, however, it is unlikely that the increase will be accepted. For more details see EuroWeek 781.

Mandated arrangers ABC and Crédit Lyonnais will sign banks into the $50m amortising five year term loan L'Enterprise Tunisienne d'Activités Petrolières (ETAP) next week. The deal has received a modest oversubscription but it is unlikely that the borrower will accept the increase. For more details see EuroWeek 778.

Bank of America, BNP Paribas, HSBC, JP Morgan, Royal Bank of Scotland and Lloyds look set to be key underwriting figures in the highly secretive loan for Cadbury Schweppes. The financing - which bankers refuse to discuss - could well be for up to £6.5bn.

Rating: Baa2/BBB-/BBB- Amount: $750m (increased from $500m) fungible with two deals totalling $2.5bn launched 07/08/01 and 27/11/01

Guarantor: North West Water Ltd Rating: A2/A-/A-

Rating: A2/A Tranche 1: $500m

The US high grade corporate bond market showed no signs of slowing down this week, absorbing yet another stream of new issues. Around $10bn of bonds are expected to have been priced by the end of the week, including $900m of five year and 12 year global bonds by Vodafone, $1.5bn of three and five year paper by Countrywide and a $1.4bn global by CSFB.

Rating: AAA Amount: Ck850m

The bond market this week was supposed to be winding down ahead of the Christmas break, but issuers and investors remain active in dollars, euros and sterling, absorbing an unusual number of benchmark transactions for the time of year. The success of France Télécom's euro and sterling bonds shows that investors have well and truly bought into the company's restructuring plans, allowing the euro tranche to be increased from Eu1.5bn to Eu2.5bn. The pricing of the 2009 bond at 290bp over mid-swaps - at the tight end of the 290bp-300bp price talk - attracted a book in excess of Eu5bn with, said the lead managers, very little switch interest.