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  • Rating: Aa3/AA/AA Amount: £150m
  • Rating: Aa3/AA/AA Amount: A$100m
  • Sold bookrunner ING has signed banks into a $550m revolver for oil company Petroplus. Barclays has committed $150m as a co-arranger and Credit Suisse First Boston, BNP Paribas and Fortis have come in as managers for tickets of between $50m and $75m.
  • Czech Republic As farmers across central Europe assess the damage caused by the worst floods for 100 years, the Czech government is expected to increase its issuing targets to pay for repairs.
  • United Kingdom Cazenove showed that there was still life in internet stocks as it placed an £11m block of lastminute.com shares with institutional investors.
  • Mandated arranger Nordea will launch the debut Nkr2.38bn five year multi-tranche facility for Fjord Seafood into syndication at the end of the month. The deal will be targeted at a limited number of domestic banks and may be a club-style facility. The loan is split into three tranches, comprising two five year tranches and a 36 month piece. The credit will be used for refinancing purposes.
  • While bankers and investors working in the primary bond and equity markets are enjoying a quiet summer season, those in the leveraged loan market are preparing for a tidal wave of business.
  • While bankers and investors working in the primary bond and equity markets are enjoying a quiet summer season, those in the leveraged loan market are preparing for a tidal wave of business.
  • he $130m four year multi-currency term loan for Philippine Long Distance Telephone, arranged by BNP Paribas, Citigroup/SSB, ING Bank and Mizuho Corporate Bank has received an excellent response from the market. A number of lenders are awaiting credit approval and as a result the deadline for responses has been extended.
  • Mandated arrangers Citigroup/SSSB and ING have closed syndication of the Eu170m five year facility for Polskie Sieci Elektroenergyczne (PSE). The deal has been slightly oversubscribed but it will not be increased. Signing is due to take place next week.
  • Republic of Portugal has been closed oversubscribed. Arrangers BNP Paribas, SG and WestLB hope to sign banks into the deal by the end of August.
  • Amount: A$104.1m Rating: Aa3/AA-