Search results for

Mandated lead arrangers Bank of Scotland, Calyon and HSBC will next week launch syndication of the Eu940.5m secured credit facilities supporting the A41 road project.

GarantiBank International is close to selecting a group of banks to arrange a loan of around $250m, split between one and two year tranches.

A second German property fund, KanAm's US-Grundinvest Fonds, froze its assets this week, raising fresh doubts about the structure of Germany's open-ended property sector. Last month, Deutsche Bank suspended dealing in its property fund, DB Real Estate, after news of a downward asset revaluation triggered a run on withdrawals.

Rating: Aa3/AA-/A+

ING has been mandated to arrange the refinancing of cable operator Primacom's debt. The company's loan comprises Eu280m of senior debt and a Eu69m mezzanine facility that has been provided by Och Ziff Management.

Car retail company Porsche Holding Group is to increase its Eu1.2bn loan to Eu1.4bn before it is signed by the end of January.

Recruitment company Hays' £350m facility via Barclays and Lloyds TSB is paying tickets of £50m, £25m and £15m. The deal, which was launched last week, has an initial margin of 37.5bp.

High yield captured the imagination of the Asian bond market in 2005 with a heady combination of new borrowers, generous fees and the opportunity to gain exposure to fast-growing Asian companies. But as Adam Harper discovers, the market remains small and its progress has by no means been smooth. High yield was the outstanding sector of the fixed income market in non-Japan Asia during 2005. There were more deals from a wider range of borrowers, and investors showed their capacity to absorb big deals from challenging credits in a variety of market situations, easy and difficult.

Barclays and Lloyds TSB's approximately $400m facility for insurer Hiscox has been signed.

Revenues and global clout. Two themes that determine investment banking status. But now, courtesy of HSBC, an extra theme is being pushed to the fore: the environment.

HypoVereinsbank has restructured its debt syndicate team in Munich, led by Christian Reusch, who has been promoted from co-head to global head of syndicate. The business, which will be split into four divisions, forms part of the bank's global credit division, which is headed by Oliver Reisinger, whom Reusch reports to.