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The Eu1.1bn loan that Citigroup and Credit Suisse are arranging in support of Apax Partners' buy-out of US fashion retailer Tommy Hilfiger is one of several leveraged deals said to be struggling in syndication this week.

The Eu1.1bn loan that Citigroup and Credit Suisse are arranging in support of Apax Partners' buy-out of US fashion retailer Tommy Hilfiger is one of several leveraged deals said to be struggling in syndication this week.

The London Stock Exchange priced its debut deal this week and, with speculation rife that the issuer will be taken over or increase its leverage, investors lapped up the protection package on offer. The Baa1 rated issuer brought a £250m 10 year deal at 118bp over Gilts after the leads Barclays Capital and the Royal Bank of Scotland went out with price guidance of 115bp-120bp over.

Rating: Baa1

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Bill Young returns to US

Garanti Leasing's Eu50m 370 day deal has been signed by bookrunner WestLB.

In its latest effort to lure investors back to its currency, bonds and equities, Turkey announced yesterday (Thursday) that it would abolish the 15% withholding tax it imposes on income and dividends from financial instruments held by non-residents. But while Turkey's sovereign paper tightened on the news, the gains were rapidly eroded during the course of the day's trading. Turkey's benchmark 2030 bonds tightened to 290bp over US Treasuries but widened 21bp to close at 311bp over. The Turkish currency also made strides against the dollar but these were also shortlived — the lira fell back to close at 167.5 cents, exactly in line with Wednesday's close.

The loan supporting Candover's acquisition of automotive business intelligence supplier Eurotaxglass arranged by sole bookrunner Bank of Scotland is progressing through the market. A Eu40m ticket is on offer for 75bp.

Barclays Capital and Dresdner Kleinwort Wasserstein have launched the £225m loan supporting Netcare Healthcare's equity contribution to the acquisition of General Healthcare Group. The facility is split between a £125m 364 day facility extendible for six months and a £100m three year tranche. Only the three year tranche is being syndicated and lenders have been invited to take £15m tickets.

Leading private equity firms are preparing a bid for troubled healthcare software company iSoft. Permira, Carlyle and Blackstone are said to be considering making offers in the region of £200m. The company, a key supplier of the government's NHS computer upgrade, has lost nearly 90% of its value in the past six months.