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  • Utility EVN's Eu500m seven year facility via mandated lead arrangers Bank Austria, Barclays, BNP Paribas and Citigroup has been signed for Eu600m.
  • In steamy London, bankers gathered to celebrate the successful Rosneft IPO, which was a marketing triumph for its managers. Was success a foregone conclusion?
  • Newspaper group Axel Springer has mandated BNP Paribas, Credit Suisse, Deutsche Bank and Royal Bank of Scotland to arrange a Eu1.2bn revolver. But some bankers were surprised to learn this week that the deal will pay a margin of just 15bp over Euribor, well below pricing on the Eu3.3bn acquisition loan Axel Springer arranged last October.
  • Awal Bank, part of the property, finance and development company Sa'ad Group, has mandated Arab Bank, HVB and Gulf International Bank to arrange a $150m deposit facility.
  • Merrill Lynch and Morgan Stanley were compelled this week to sweeten the pricing on the Eu935m leveraged loan for Versatel Deutschland, the German cable telecom company.
  • Rating: A2/A (Moody's/Fitch)
  • Credit default swaps rallied following Federal Reserve chairman Ben Bernanke's statement before Congress on Wednesday.
  • An adverse US consumer price inflation figure for June — 0.3% rather than the hoped-for 0.2% — upset bond markets this week, but the effects were soon redressed by the remarks made by Federal Reserve chairman Ben Bernanke before Congress.
  • An adverse US consumer price inflation figure for June — 0.3% rather than the hoped-for 0.2% — upset bond markets this week, but the effects were soon redressed by the remarks made by Federal Reserve chairman Ben Bernanke before Congress.
  • An adverse US consumer price inflation figure for June — 0.3% rather than the hoped-for 0.2% — upset bond markets this week, but the effects were soon redressed by the remarks made by Federal Reserve chairman Ben Bernanke before Congress.