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Kuwait's Mobile Telecommun-ications Co (MTC) has extended the deadline for bids to arrange its $5bn revolving credit to February 15. Bankers also welcomed the news this week that MTC has confirmed its decision to bid for the third GSM licence in Egypt, and its $1.33bn acquisition of a 61% stake in Sudanese mobile operator Mobitel from Sudatel.

Syndication of the recap of Almatis will close soon. Bookrunner UBS says the loan is oversubscribed on all tranches and a reverse flex is being considered.

Fishing company Marine Harvest is considering an increase on a Eu300m facility via ABN Amro, ING, Norske Bank and Rabobank ahead of signing today (Friday). The five year facility raised more than Eu400m during syndication and is the first time the company has tapped the market for 10 years.

Sun shines on SolarWorld

Early in the new year, we saw that one of the most highly regarded money managers in the US had reshuffled the largest equity holdings in his portfolio. Out went some hallowed names including Microsoft and Dell and in came a more adventurous selection, including Nomura — yes, Nomura! While this didn't exactly stop us dead in our tracks, because we have always had a soft spot for the bank, the popular conception is that Nomura is one of yesterday's stock selections and not an automatic choice for a modern growth portfolio.