Search results for

Russian media and IT outfit RosBusinessConsulting (RBC) this week opened a new chapter in the development of the Russian capital markets when it launched the first ever domestic IPO. Lead manager Aton Capital priced the 16m shares on offer at $0.83 - at the upper end of the $0.75-$0.85 indicated pricing range. The sale, which involved the flotation of 16% of RBC's equity capital, marked the first time a Russian company has issued shares directly onto the two Russian stock exchanges, the Russian Trading System (RTS) and the Moscow Interbank Currency Exchange (Micex).

Rating: Aaa/AAA Amount: Sfr500m

Rating: Baa1/A- (Moody's/Fitch) Tranche 1: $600m

Rating: Baa2/BBB- Amount: $1bn global bond

Rating: Aaa/AAA Amount: Eu500m Öffentlicher Pfandbrief series 822

Syndication of Gazprom's $300m six year facility has been closed and will be signed on April 22. HVB Group is mandated arranger for the deal and DePfa Investment is a joint arranger.

Guarantor: RWE AG Rating: A1/AA-

The $250m five year facility for Arab Petroleum Investment Corp (Apicorp) is due to be launched into the market on April 22. Banks close to the deal are HSBC, Sumitomo, Crédit Agricole Indosuez, Gulf International Bank and Riyad Bank. Apicorp last tapped the market in July 2000 with a $200m five year facility that paid a margin of 40bp over Libor. Barclays Capital, Dresdner Kleinwort Wasserstein, Mizuho and Saudi American Bank have arranged a $900m nine year loan backing the leasing of the Saudi Arabian ministry of defence & aviation's military compounds around Jeddah. The borrower is Compound Leasing Company, which has long term rental agreements with the ministry for the facilities. These agreements form the security for the loan.

Siemens has increased the limit off its debt issuance programme to euro5 billion ($4.45 billion) from euro3.5 billion. Barclays Capital and UBS Warburg have been added to the dealer panel while Nomura has been dropped as a dealer. The shelf, which was signed in 1995 via Morgan Stanley, has $1.69 billion outstanding off eight trades.

Bank Austria and BayernLB launched a Eu40m five year facility for Banka Celje into general syndication on Wednesday. Arrangers are understood to be participating for tickets of Eu5m.

Arranger DBS has launched a $180m facility for Shanghai Hua Qing Real Estate Development. The office retail development project comprises a 15 storey office building and a seven storey retail podium. The facility is divided between an $80m three year term loan and a $100m three year standby LC.

Bankers at institutions with strong ties to South African Breweries (SAB) are playing their cards close to their chests and have not released more information on a possible debt facility for the listed corporate. South African Breweries recently announced that it was interested in buying US brewer Miller. Because the bid has not been confirmed bankers do not want to reveal details of SAB's new, potential financing.