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  • The niche currency markets were awash with trades this week as issuers and investors rushed to market, but the Icelandic krona sector continued to attract the attention of many officials.
  • Bookrunner Bank of America has launched syndication of a $460m term loan for Public Warehousing Company, or PWC Logistics.
  • Rating: Aaa/AAA/AAA
  • Rating: Aaa/AA+
  • Coordinating a booty of bankers on any given day maybe as tricky as herding a clowder of cats.
  • Ukio Bankas has mandated HSH Nordbank to arrange a Eu10m 364 day loan that pays a margin of 110bp over Euribor.
  • The tacky boats that go up and down the Thames posing as cruise liners were quite frankly put to shame by the vessel Calyon hired for its river cruise party in Paris last Thursday (September 15).
  • Anglo-Dutch computer services company LogicaCMG is in the market with a five year loan to support its Eu930.3m bid for French IT company Unilog.
  • Mandated lead arrangers BA Asia, Banco Nacional Ultramarino, Bank of China (Macau), BNP Paribas, CCB International Finance, HSBC, Royal Bank of Scotland and Sumitomo Mitsui Banking Corp plan to launch MGM Grand Paradise's $615m multi-tranche loan into general syndication in mid-October.
  • On several occasions, we have been asked "what makes Bear Stearns so special?" We immediately respond: "It probably has the best top management on Wall Street."
  • Barclays, JP Morgan and UBS will be arranging the debt for Investcorp's secondary purchase of aluminium company Almatis. Rhone Capital is selling the business.