Search results for

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.

This year has proved to be a good one for central and eastern Europe in the international syndicated loan markets as proved by the latest deal from the region. This week mandated arrangers ABN Amro and Deutsche Bank signed banks into the Eu75m 5-1/4 year guaranteed facility for the City of Prague.

Rating: A1/A+/BBB+ Amount: Eu50m (fungible with Eu200m issue launched 08/11/02)

Rating: Aa1/AAA (Moody's/Fitch) Tranche 1: Eu250m Hypothekenpfandbrief series 1037

Rating: Aaa/AAA/AAA Amount: Eu1bn Öffentlicher Pfandbrief series 6

The £300m five year revolving credit facility for BBA Group was signed on Wednesday. Mandated arrangers are Barclays (bookrunner), HSBC (bookrunner) and JP Morgan (facility).

Benetton Group, one of the most influential names in corporate Italy, is planning to access the loans market for an ambitious financing to support its plans to win a controlling shareholding in Autostrade, the Italian toll road operator. The all-Italian affair calls on Mediobanca and UniCredito Italiano to arrange a Eu10bn 12 year acquisition facility to support the purchase of outstanding shares in Autostrade beyond the 30% the Benetton Group already holds.

Rating: AAA Amount: Eu250m (fungible with two issues totalling Eu1.25bn launched 09/10/02 and 13/11/02) Öffentlicher Pfandbrief series 131