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  • As EuroWeek went to press yesterday (Thursday) evening, Deutsche Bank, Nomura and UBS were poised to price the $390m-$460m London and Moscow IPO of Sistema-Hals, one of the largest property groups in Russia.
  • The $40m three year loan for LHB, the German subsidiary of Nova Ljubljanska Banka, is oversubscribed. Commerzbank and ING are arranging the loan.
  • FirstRand (Ireland) Bank has sent a RFP to banks for a $300m, three year revolver. Bankers expect the deal to pay a margin of 20bp combined with 15bp fees .
  • Construction company Portland's Eu800m seven year acquisition via bookrunners Banco de Sabadell, Banco Santander Central Hispano, BBVA and Calyon and mandated lead arranger La Caixa is in general syndication. Banks will be signed in before the end of November.
  • As EuroWeek went to press yesterday (Thursday), JP Morgan, UBS and Kazkommerts Securities were set to price the $594m-$846m London listing of Kazkommertsbank, Kazakhstan's leading bank.
  • The world's third largest oil and gas pipe producer, Trubnaya Metallurgicheskaya Kompaniya, enjoyed a spectacular success this week when investors subscribed for 20 times the number of shares on offer in its $972m IPO in Moscow and London.
  • With issuers reaching the end of their funding cycle and public holidays worldwide, the EuroMTN market had an unsettled week. The result was a wide variety of volumes and types of issuance.
  • Kazkommertsbank (KKB) is back in the market after only three months with another $800m benchmark deal, which would pay the tightest for a Kazakh financial institution borrowing on both an 18 month and three year tenor.
  • Rating: Aaa/AAA/AAA
  • Responses to the three year Eu100m loan for state owned Hipoteku Bank are expected by next week.
  • The Financial Services Authority published proposals this week for radically simplifying the rules on how financial services firms conduct investment business with customers.
  • The Financial Services Authority published proposals this week for radically simplifying the rules on how financial services firms conduct investment business with customers.