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  • Bank of Tokyo-Mitsubishi UFJ, Citigroup, Natixis and Sanpaolo IMI have won the mandate to arrange a Eu120m syndicated term loan facility for National Bank of Egypt.
  • For the first time in five years the Emerging Market Bond Index Global (EMBIG) has failed to return double digit yields. Instead, it has put in a performance similar to developed bond markets.
  • The EuroCP market this week was described by one dealer as "subdued" as dealers prepared themselves to place paper during the first few weeks of December.
  • Fix Dinkum The fertility rate in the bond market at the moment is something else, but I don't know how to read it. Does it mean bankers are confident in the future, knowing they'll be able to support large broods — or are they hedging a likely bear market by creating offspring to support them in their old age?
  • South African securitisation crossed continents this week as Wesbank, owned by FirstRand Bank, priced the country's first euro-denominated securitisation, a Eu212m deal backed by domestic auto loans.
  • Rating: Aaa/AAA/AAA
  • The first Sharia compliant non-recourse greenfield project financing for the Al-Waha Petrochemical Co has been signed at $526.55m.
  • Publisher Lagardère is set to buy sports communications group Sportfive for Eu865m. Advent International, Goldman Sachs Capital Partners and the RTL group own Sportfive, which advises football clubs on their television rights.
  • Ticket sizes for the Eu4.7bn debt for motorway operator Autoroutes du Sud de la France via BNP Paribas, Calyon, Royal Bank of Scotland and Société Générale have been revealed.
  • Even Gazprom, Russia's blue chip gas company, was not immune to investor malaise. The borrower priced a dual tranche, dual currency deal — the largest ever bond financing from the CIS — in line with guidance and close to, or just inside, its secondary curve last Friday.
  • Three rival bids are in the market for German broadcaster ProSiebenSat 1. Turkish media group Dogan Yayin Holding (DYH), announced this week that it will bid for the company. A private equity consortium of Apax Partners, Cinven and Goldman Sachs Capital Partners is considering a rival bid, as is pan-European broadcaster SBS.
  • The Thanksgiving holiday yesterday (Thursday) kept US bond issuance quiet this week, but the supranational, sovereign and agency sector celebrated three very successful deals.