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  • Did the Four Horsemen of the Apocalypse ride through the Euromarkets last week? The City of London refuse collectors reported that they found nothing that you might wish to spread over your rose bushes, but they did discover several previously unidentified rivers of blood. You certainly needed your green wellies down in the badlands of Canary Wharf, where footpads lurk on every corner and street-sellers offer a dazzling variety of freshly stolen mobile phones. Outside the headquarters of Credit Suisse First Boston, there was not only blood in the street, but dozens of unlucky bodies floating down the Thames. Professional corpse-spotters claimed that the bodies did not originate exclusively from CSFB, but had been joined by other sadly departed souls from Dresdner Kleinwort Wasserstein.
  • Amount: Eu189.5m Legal maturity: March 21, 2020
  • Arab Banking Corporation (ABC) is in the market for a $300m five year facility. The deal will carry a margin of 40bp over Libor. Bidding is under way and a number of banks are believed to be close to the deal including Mizuho (DKB) and HSBC. The borrower will announce the arranger group at the end of next week. ABC last tapped the market in July 2001 with a dual tranche $150m facility. Tranche 'A' was a $100m three year bullet facility which paid a margin of 35bp over Libor. Tranche 'B' was a $50m five year bullet facility which paid a margin of 40bp over Libor.
  • Barclays Capital, Deutsche Bank, Lehman Brothers and the Royal Bank of Scotland are preparing to launch the £1bn facility backing Enterprise Inns' £875m acquisition of an estate of 1,860 pubs from Laurel. Laurel is owned by Morgan Grenfell Private Equity. The £1bn facility will also refinance a £735m leveraged financing arranged last year by Deutsche Bank.
  • Rating: Aa2/A+ Amount: $1bn
  • Rating: Aa1/AA Amount: $300m
  • Barclays Capital is in the market with a £180m recapitalisation of the £120m leveraged financing backing the 1999 buy-out of Christie-Tyler by Hicks, Muse, Tate & Furst. The deal is split into a £145m slab of senior debt and a £35m tranche of 10 year subordinated debt.
  • Rating: Aa2/AA- Amount: $250m
  • The $450m five year facility for the State of Qatar has been well received by the market and arrangers ABC, Gulf International Bank and Sumitomo are waiting for four more banks to join the deal. The facility, which pays a margin of 52.5bp over Libor, is already oversubscribed with commitments of $500m on the table.
  • Amount: Eu511.3m Legal maturity: April 15, 2015
  • Rating: Aaa/AAA/AAA Amount: NZ$100m
  • Region Ile de France has signed a euro500 million ($445.43 million) Euro-CP programme. Moody's has assigned a P-1 rating to the programme. The borrower signed a euro1 billion Euro-MTN shelf in May 2001.