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  • HSBC has been mandated to arrange a £300m club loan for real estate company CBRE. The non-recourse secured real estate loan is be syndicated among a limited number of banks.
  • The UK government's announcement this week that long dated Gilt issuance would increase from just under a half of all Gilt borrowing to just under two thirds sparked a rally in long Gilt prices on Wednesday and Thursday.
  • UK buy-out firm Cinven has signed a letter of intent to buy UPC France, Liberty Global's French operation, for Eu1.25bn.
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  • Royal Bank of Scotland is said by bankers to have won the mandate to arrange the debt financing Providence Equity Partners' acquisition of the entire Kabel Deutschland shares owned by Apax Partners and Goldman Sachs Capital Partners.
  • Citigroup, Deutsche Bank, HSBC and JP Morgan are expected to close the sub-underwriting phase of its recording breaking Eu32bn loan for German utility E.On today (Friday).
  • Bank of Scotland, Calyon and HSBC will sign the Eu940m of secured credit facilities supporting the A41 road project in France early next week.
  • Guardian Europe, the European headquarters of US glass maker Guardian Industries Corp, has re-entered the EuroCP market with a new Eu300m EuroCP programme.
  • Guarantor: Bank of Scotland
  • Deutsche Bank has appointed Kay Haigh as head of its emerging market debt trading business in London, a promotion that enlarges his remit to include Latin America alongside overseeing eastern Europe, Middle East and Africa.
  • An elite tier of hedge funds is emerging as investors offset the risks attached to lucrative investment strategies by putting their assets in the hands of successful, well established managers whom they trust to use those strategies safely.