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  • Rating: Aa3/AA-/AA- Amount: £200m
  • Arrangers BNP Paribas, Deutsche Bank and UBS Warburg will launch the syndication of the Eu2.4bn debt facility backing the merger between UK-based Kingfisher and France's Castorama next week. This first phase of syndication will be devoted to existing club banks of the borrower.
  • Mandated arranger Natexis Banques Populaires has launched the $250m three year facility for Hurricane Hydrocarbons Ltd into syndication and the deal is being well received in the market. The borrower is controlled by Russian and Canadian investors.
  • Kommunalkredit Austria has increased the debt size of its debt issuance programme from euro5 billion ($4.74 billion) to euro6 billion.
  • Guarantor: Federal Republic of Germany Rating: Aaa/AAA
  • Arranger Korea Development Bank has completed the $90m three year term loan for PMX Industries. Responses to the facility were positive, with commitments totalling $155m. The borrower, however, decided not to increase the deal size.
  • New Star Asset Management, the UK investment firm, has appointed Charles Tritton to head up its rapidly growing hedge fund business. Tritton joins New Star from HSBC where he was head of alternative investments. He is among a number of high profile personnel to have left the bank in the last week. The entire HSBC media research team handed in their notice on Monday.
  • The general syndication of the £1.795bn of debt facilities for Tube Lines, the holder of the Jubilee, Northern and Piccadilly lines concession under the London Underground Public Private Partnership (LU PPP), is progressing smoothly. Banks are apparently unfazed by the latest legal attempts by the mayor of London, Ken Livingstone, to prevent the scheme going ahead.
  • Commitments for the single stage syndication of the $50m facility for the Union International de Banque are due in by June 21. A number of banks have already committed and the deal is understood to be progressing smoothly.
  • Mandated arranger RZB is due to sign banks into the $15m one year term loan for Banque du Bosphore today (Friday). The deal has received an oversubscription and will be increased to $27m.
  • Rating: A1/A+ Amount: Eu100m
  • Vodafone has increased the debt limit of its euro8 billion ($7.55 billion) Euro-MTN programme to euro12 billion.