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  • The $640m eight year loan for International Petroleum Investment Co, or IPIC, has been reduced to $590m. Bankers say that roles for the club deal have been assigned on an individual basis, but that the full line-up has yet to be announced.
  • Rating: Ba3/B+ (Moody's/Fitch)
  • What is the latest from Munich, home of the mighty Allianz, which just a few years ago looked as if it might take over most of the global financial services industry? These grand ambitions sadly never came to pass, but look at Allianz today, and the share price tells you that chief executive Michael Diekmann is well in control and that the group is in rude financial health.
  • Rating: A1/A+
  • Rating: Aaa/AAA/AAA
  • Mandated arranger Credit Suisse First Boston will close syndication of a $510m 364 day dual tranche facility for Burns Philp next week.
  • Vienna-based Donau Bank, which is owned by Vneshtorgbank and the Central Bank of the Russian Federation, has launched syndication of its $100m three year loan. Mandated lead arranger Deutsche Bank is offering lenders four tickets: arrangers can commit $10m for a fee of 100bp; co-arrangers $7.5m for 85bp; lead managers $5m for 80bp; and managers $5m for 75bp.
  • Rating: Aa3/A+
  • BNP Paribas (bookrunner), Boubyan Bank and Gulf International Bank (bookrunner) have launched syndication of Shamil Bank's $100m five year murabaha facility.
  • Barclays and Deutsche Bank have carried out a structural flex on Apax Partners' secondary buy-out of Mölnlycke Health Care, the Swedish surgical textiles and dressings maker.