Search results for

Embattled Credit Suisse Group boss Lukas Mühlemann is leaving ahead of schedule. He had already agreed to step down as chairman, but was to keep his job as chief executive officer. The group's board of directors has named vice chairman and Swiss Re CEO Walter Kielholz as its next chairman.

Rating: Aa3/AA/AA Amount: Eu400m

ABN Amro (bookrunner), Fortis Bank (facility agent), ING (bookrunner) and Rabobank (bookrunner) have been mandated to arrange a Eu650m multi-tranche facility for car leasing company Athlon Groep. The deal is split into a Eu200m 364 day revolver, a Eu300m three year term loan, a Eu100m revolver and a and a 3-1/2 year Eu50m subordinated tem loan.

France Speculation grew this week about a further sell down in Vivendi Environnement by its former parent Vivendi Universal.

Rating: A aa/AAA/AAA Amount: Eu1bn öffentlicher Pfandbrief series 8

Mandated arrangers BNP Paribas, Union Bank of Norway and ING have launched syndication of the Eu400m term loan for Norske Skogindustrier. The deal carries a margin of 65bp over Euribor.

Rating: Aa3/A+/AA- Amount: Nkr500m

Guarantor: Olivetti SpA Rating: Baa2/BBB/BBB

Italian telecoms company Olivetti this week completed a Eu1.55bn increase to three outstanding issues, the largest amount raised by a corporate borrower since Volkswagen's Eu2bn offering almost a month ago. On Wednesday, after raising nearly Eu2bn in interest, Olivetti priced a Eu400m increase to its 2006 FRN at 150bp over three month Euribor, Eu650m to its 6.5% 2007 at 185bp over mid-swaps, and Eu500m to its 7.25% 2012 at 215bp over mid-swaps. Lead managers were Caboto IntesaBci, Goldman Sachs, JP Morgan and Lehman Brothers.

Rating: Aaa Amount: Sfr454m

Amount: £200m Legal maturity: December 15, 2034

Joint mandated arrangers Arab Banking Corporation (ABC) (facility agent), National Bank of Abu Dhabi (information memorandum) and Bank of Tokyo-Mitsubishi launched the $120m three year facility for Commercial Bank of Qatar into general syndication this week. Eight banks joined the deal in senior syndication. Co-arrangers have been invited for takes of $5m for a fee of 20bp. Commitments are due by October 1.