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  • WestLB is launching a refinancing for Apax Partners' buy-out of International Electronics and Engineering (IEE). The Eu105m all senior debt will refinance the senior and subordinated debt facilities for the buy-out of IEE.
  • Australia's Macquarie Bank looked to be backing away from bidding for the London Stock Exchange this week, after the Takeover Panel issued the bank with an ultimatum to put forward a formal bid for the London Stock Exchange or back off.
  • Megan Media Holdings' $63m five year fundraising was signed earlier this month. Mandated arranger DBS Bank held $43m.
  • Persimmon, the UK house builder, has mandated Barclays, Lloyds TSB and Royal Bank of Scotland to arrange a £1.9bn acquisition facility that will be launched early next year.
  • Persimmon, the UK house builder, has mandated Barclays, Lloyds TSB and Royal Bank of Scotland to arrange a £1.9bn acquisition facility that will be launched early next year.
  • Andrew Pisker resigned as chief executive of Dresdner Kleinwort Wasserstein yesterday (Thursday), lending support to market speculation that he had been passed over for the new job of head of Dresdner Bank's corporate and investment banking division.
  • Andrew Pisker resigned as chief executive of Dresdner Kleinwort Wasserstein yesterday (Thursday), lending support to market speculation that he had been passed over for the new job of head of Dresdner Bank's corporate and investment banking division.
  • Three more banks have been invited to take part in the second round of bidding to arrange a Eu1bn five year loan for PKN Orlen, a Polish oil refiner and petrochemicals manufacturer.
  • Praktiker, the German home improvement retailer, finished this week with a satisfactory Eu435m IPO and market debut, although the vendor, supermarket group Metro, had had to cut the price range last week.
  • Rating: Aa2/AA (Moody's/Fitch)
  • Promsvyazbank has requested proposals for a $75m 18 month loan, though bankers say the borrower is likely to opt for a one year deal with a one year extension option.
  • Rating: Ba1/BB+/BB