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  • Amount: Eu1.35bn Rating: Moody's/Fitch
  • Man Group, the UK-based hedge fund manager, showed this week that there is still strong demand for alternative investments despite their recent poor performance, as it announced that it had raised $280m for its latest product launch. Man raised the money, which will give investors access to Man's futures programme managed by AHL, despite recent figures from the CSFB/Tremont hedge fund index which show that managed futures hedge funds have suffered an average 4.5% drop in value so far this year. AHL itself has seen an average 11.3% fall this year across all of its futures funds.
  • EuroWeek understands that the final amount of debt supporting Group 4 Falck's $573m acquisition of US second largest security services company Wackenhut is $750m. The deal will be launched into syndication early next week. The final facility amount was decided once Group 4 Falck, its creditors and mandated arranger UBS Warburg agreed on how much of Group 4 Falck's existing lines would be rolled over.
  • Guarantor: Deutsche Bahn AG Rating: Aa1
  • Guarantor: Deutsche Bank AG Rating: AA
  • National Bank of Egypt's $350m three year facility is being well received in the market. A number of commitments have already been received ahead of close, which is scheduled next week. ABC, Citigroup/SSB, Bank of Tokyo-Mitsubishi and Standard Chartered are the arrangers. The loan carries a margin of 75bp over Libor. The mandate to arrange the $50m one year facility for African Export-Import Bank (Afreximbank) has been awarded to WestLB, KBC, Natexis Banques Populaires, RZB, Standard Chartered and WGZ. The credit is due to be launched into the market next week.
  • EuroWeek has learnt that E.On, the German multi-utility, has chosen ABN Amro, Barclays Capital, Dresdner Kleinwort Wasserstein and Goldman Sachs as the bookrunners for its upcoming debut, a multi-currency issue set to be around Eu5bn.
  • EuroWeek has learnt that E.On, the German multi-utility, has chosen ABN Amro, Barclays Capital, Dresdner Kleinwort Wasserstein and Goldman Sachs as the bookrunners for its upcoming debut, a multi-currency issue set to be around Eu5bn.
  • Rating: Aa3/AA- (Moody's/Fitch) Amount: $500m
  • EuroWeek understands that Sociedade Nacional de Combustiveis de Angola (Sonangol) is in the market looking for a new credit of up to $500m. Standard Chartered is believed to be arranging the deal. Sonangol last tapped the market in January 2002 with a $500m four year bullet facility.
  • Aegis, the UK media and marketing research company, brought some relief to the European equity-linked market as it completed its sensibly priced Eu165m issue this week. SG, which was sole bookrunner for the offering, went out with an initial deal size on Tuesday morning of Eu150m. The four year bond, which has a fixed coupon of 2%, attracted strong demand from equity-linked investors, enabling SG to close the books within three hours, with the deal covered 16 times. The strong interest in the issue enabled Aegis to exercise the Eu15m greenshoe yesterday (Thursday).
  • Arrangers Deutsche Bank and National Australia Bank have completed a $555m revolving credit facility for Amcor, a packaging company that specialises in a broad range of plastic, fibre and metal products. The facility is divided between a $425m five year facility paying a margin of 73.5bp and a $130m, one year portion paying a margin of 60bp. The arrangers pledged $50m apiece.