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  • Rating: Ba1 Amount: $125m
  • Amount: Eu73.4m Rating: Fitch
  • Rating: Aa3/AA Amount: C$75m (fungible with C$500m issue launched 21/08/02)
  • The $300m refinancing for Qatar Fuel Additives Company (Qafac) has been signed and the bank list released. Mandated lead arrangers are Crédit Lyonnais (international bookrunner), Gulf International Bank (regional bookrunner), National Bank of Dubai, Qatar National Bank and Standard Chartered.
  • Rating: A1/A+/AA- Amount: C$200m
  • Rating: Aa2/AA Amount: Eu855.415m
  • Mandated lead arrangers Bank of America, BNP Paribas, HSBC (joint bookrunner and documentation agent), Royal Bank of Scotland (joint bookrunner and facility agent), and WestLB will close syndication of the £1bn loan for RMC Group plc next week. Tickets on offer to the market were £30m for 22.5bp, £20m for 17.5bp and £10m for 12.5bp.
  • The $450m 5-1/2 year facility for Gazprom has been launched into senior syndication. Around 10 banks have been invited into the deal at this level, though ticket sizes and fees have not yet been released. They have around two weeks to respond.
  • Covering the emerging markets remains a high risk career option for investment bankers, as illustrated by the recent departure of Dermot Mayes, Dresdner Kleinwort Wasserstein's head of emerging market debt syndicate. During his two year tenure at DrKW, Mayes bagged a respectable number of mandates, with DrKW lead managing a dozen new issues totalling $3bn or so.
  • Is Sallie Krawcheck, the new acceptable face of Salomon Smith Barney, about to become a Wall Street icon? It certainly looks that way. Rarely have we seen such interest in a lady Wall Street superstar - well, at least since Lehman's Elaine Garzarelli modelled fishnet stockings and other eye-catching lingerie. Because Sallie Krawcheck is attracting far more attention than Madonna, everyone is lining up to say that they knew her when she was a mere slip of a girl from Charleston, South Carolina, with a wonderful southern lilt that clearly mesmerised her early interviewers.
  • Amount: A$194.35m and NZ$11m Class A1 notes: A$90m
  • Most secondary loan market traders were hopeful that the seven jumbo LBO loans launched since July would boost activity in the secondary loan market, but so far they have been disappointed. Four of the deals have been closed and signed - the Eu1.12bn of senior and subordinated debt facilities backing EQT's buy-out of the flavours and fragrances business Haarman & Reimer (H&R), the Eu2.525bn debt facilities backing the Madison Dearborn Partners-led public to private LBO of Jefferson Smurfit Group (JSG), the Eu2.222bn of debt facilities backing Wendel Consortium's buy-out of Legrand from Schneider and the £495m of senior secured facilities supporting Charterhouse Development Capital's acquisition of Coral Eurobet.