Search results for

Rating: Aa3/A/A+ Amount: Eu100m

IBM (International Business Machines Corporation) has put its name to a $1 billion Euro-CP programme. Deutsche Bank has scooped the arrangership. It is the third signing from a US issuer since the start of 2002. The previous signings were AOL Time Warner's $2 billion facility, Prudential Financial's $1 billion programme and Quasar Funding's euro4 billion ($3.57 billion) shelf. IBM's programme will join the issuer's euro8 billion Euro-MTN facility that was signed in 1991. The programme has $3.89 billion outstanding off 10 trades. Deutsche Bank is the only dealer appointed to both IBM's Euro-MTN and Euro-CP programmes. The Euro-CP facility is rated A-1 by Standard & Poor's and P-1 by Moody's. The signing comes after IBM recently issued its first profits warning to the market for more than a decade. The news has shocked investors, as the company had remained very strong during the depths of recession. The dealers off the programme are the arranger, Barclays Capital, Citibank and Credit Suisse First Boston. The facility was signed on April 15. The appointed IPA off the programme is JPMorgan Chase Bank.

Rating: Baa2 Amount: Eu500m

Guarantor: PT Telekomunikasi Selular Rating: B3/B+

Banks joining senior syndication of Imperial Tobacco's jumbo Eu5.9bn acquisition financing will be signed into the deal on Tuesday. Demand in the first round of syndication means that the deal will not be launched into retail.

Rating: A1/A+ Amount: ¥80bn global bond

Amount: Eu358.5m Legal maturity: May 25, 2014

Rating: Aa3/A Amount: Eu1bn subordinated debt (increased from Eu750m)

Rating: Aaa/AAA Amount: $1bn

Rating: A2/A- Amount: Eu500m lower tier two capital

Six banks have stepped in to loosen the noose tightening around Invensys by providing a $1.39bn bridge loan. They are JP Morgan/Chase, Morgan Stanley, Royal Bank of Scotland, HSBC, Deutsche Bank and Bank of America.

Deutsche Bank has unveiled a strategic alliance with Invesco, designed to develop "open architecture". The agreement is the first within Deutsche's private client and asset management division (PCAM) in what is envisaged to be a series of tie-ups between the bank and global fund managers. The bank describes open architecture as a financial services platform for its consumer and private banking customers, offering the investment solutions to complement its existing internally manufactured products and services.