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  • Saudi Oger has mandated bookrunner Calyon to arrange a $700m conventional term loan with a five year tenor.
  • Rating: B2/B+
  • Guarantor: Royal Dutch Shell plc
  • Abanka Vipa will shortly choose a group of banks to arrange its Eu180m five year loan as a club deal. Abanka was last in the market in March 2005 when it signed a Eu115m five year loan arranged by bookrunners Bank of Tokyo-Mitsubishi, BayernLB and ING.
  • First Rand Bank's $300m three and five year loan was signed by a club of 17 banks yesterday (Thursday).
  • Market Commentary
  • Rating: Aa3/A+
  • Royal Bank of Scotland has been mandated to provide the debt backing the acquisition of amusement park operator Parques Reunidos.
  • The bank meeting for toll road operator Abertis' Eu3.5bn loan was held at La Caixa's offices in Barcelona yesterday. Mandated lead arrangers Barclays, La Caixa, HSBC, JP Morgan and Royal Bank of Scotland are offering senior lead arranger tickets of Eu200m at 22.5bp and arranger tickets of Eu100m at 17.5bp. Commitments for the sub-underwriting phase are due on March 8.
  • The IPO of UK life assurer Standard Life, which will value the company at up to £5bn, is still on track for a summer launch, despite poor financial figures released this week. Some analysts speculated that the float would be delayed after the announcement of the results.
  • KfW
    Guarantor: Federal Republic of Germany
  • Rating: Aaa/AAA