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  • BNP Paribas has won the mandate to arrange the debt backing PAI Partner's buy-out of coffee machine maker Saeko International Group.
  • The Republic of Italy has issued its first syndicated bond since its general election in April, a Eu4bn 10 year inflation-linked security. Led by ABN Amro, Banca Nazionale del Lavoro, Barclays Capital, Calyon and UBS, the deal comes amid concern about the growth of inflation and the prospect of interest rate rises in Europe and the US. It is the first syndicated sovereign inflation-linked bond to be launched since Greece tapped its linker in April and Germany issued its inaugural linker in March.
  • A total of 28 banks committed to Nurbank's $135m two year loan in addition to bookrunners Deutsche Bank and RZB. The loan, which was increased from $65m after raising an oversubscription in syndication, pays a margin of 195bp over Libor.
  • Kazkommertsbank (KKB) in Monday asked banks for feedback on an 18 month bullet loan that will be its first syndication since setting a record for a Kazakh bank borrower last December, when it signed a $1.3bn one and three year deal.
  • Guarantor: Federal Republic of Germany
  • Boubyan Bank, Commercial Bank of Kuwait, Standard Bank (bookrunner) and WestLB (bookrunner) have been mandated to arrange a $100m five year musharaka sukuk for A'ayan Leasing and Investment Co. Syndication is underway: arrangers can lend $10m or above for a fee of 60bp; co-arrangers $5m for 45bp; lead managers $3m for 30bp; and managers $1m for 20bp.
  • Rating: AAA (Fitch)
  • Little known and exotic Latin American and Caribbean companies are pulling bond deals off the shelf and hitting the road, now that the international market is showing tentative signs of improvement.
  • Syndication of Parex banka's Eu200m 364 day loan will be closed shortly by mandated lead arrangers BayernLB, DZ Bank, Lloyds TSB and Mizuho. Bankers say the deal, which will be signed on July 7, is likely to raise more than Eu300m in commitments.
  • EuroWeek held its annual Celebration of Excellence cocktail party at London's Cinnamon Club on Wednesday. For the party poopers among you who didn't fancy being wined and dined for free — you know who you are — you missed a great night.
  • Loan Ranger was feeling rather fragile yesterday, the morning after EuroWeek's Celebration of Excellence drinks in the stately surroundings of the Cinnamon Club, not far from Westminster Abbey, on Wednesday evening. The Loan Ranger team had the pleasure of bumping into, among others, Standard Bank's Robert Scott and David Savin, Barclays Capital's Peter Bulbrook and Citigroup's Ashu Khullar.