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  • Pharmaceutical distribution company Celesio has signed an Eu600m debut facility via Calyon, Deutsche Bank, Royal Bank of Scotland.
  • Tobias Grün, head of credit research for Europe at HSBC, has left the bank. EuroWeek understands that Grün left two weeks ago, but an HSBC spokesman refused to comment on the reasons for his departure. Grün was promoted to his last job in July 2004 and reported to Van Hesser, head of credit research at the bank.
  • TDC, Europe's largest ever leveraged buy-out, is receiving a positive response from the market.
  • Wally Höfer-Neder is leaving Depfa to join Deutsche Bank as head of European covered bond origination. The hire is a bid to strengthen one of the few weak points in Deutsche's fixed income business.
  • Wally Höfer-Neder is leaving Depfa to join Deutsche Bank as head of European covered bond origination.
  • Wally Höfer-Neder is leaving Depfa to join Deutsche Bank as head of European covered bond origination.
  • The bank list for recruitment company Hays oversubscribed £460m facility via Barclays and Lloyds TSB has been released.
  • The sale of the UK's Leisure Link has entered its second round, but hedge funds holding the company's mezzanine debt are reportedly negotiating a debt-for-equity swap after the company asked for covenant waivers.
  • Republic of Hungary will make its annual visit to the Samurai market in the first half of March after mandating Daiwa SMBC and Nikko Citigroup last Friday (February 10) as joint bookrunners for a ¥25bn seven year bond. At that size it is dwarfed by the ¥75bn two tranche Samurai the sovereign issued last June, a deal that was increased from a combined ¥50bn in response to strong demand from Japanese investors.
  • Hong Kong conglomerate Hutchison Whampoa cancelled its planned Eu1bn-Eu2bn IPO of 3 Italia, the third generation mobile telephone operator, last Friday.
  • HVB and Bank am Bellevue brought a Sfr150m convertible bond this week for BB Medtech, the Swiss medical technology investment firm. The deal revives the partially mandatory structure the bookrunners used in December for a Sfr200m convertible for BB Biotech, a sister company.
  • German property developer Vivacon is set to launch a securitisation of rental income from leaseholds on German properties, the first time this asset has been publicly securitised in Germany.