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  • Rating: unrated
  • Kazakhstan's pension fund sector is booming and, thanks to new IPOs and EBRD reform, things look set to get even better. Julian Evans reports.
  • Rating: A1/A+/A+
  • The $600m five year term loan for Arindo Global (Netherlands) will be launched into general syndication shortly. DBS Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp are leading the deal.
  • Rating: Aa3/AA-
  • There are rumours in the market that Citigroup, Credit Suisse First Boston, Deutsche Bank and JP Morgan have been mandated to arrange the new financing that will be put in place after Irish Smurfit Packaging is merged with Dutch Kappa Packaging. However, one banker said nothing had been finalised and no formal mandate had been given.
  • Rating: Aaa/AAA/AAA
  • Israel Chemicals has signed a $250m five year loan through a club of 16 banks.
  • PurusCo, the owner of Danish cleaning firm ISS Global, could soon be facing legal action from disgruntled bondholders after the lawyer representing a group of investors questioned the structure of the firm's imminent bond issue.
  • Clothes designer Prada is in the market with a multi-currency loan consisting of a Eu590m facility for Prada SpA and a ¥14.5bn loan for Prada Japan. A bank meeting will be held in Milan today (Friday).
  • What is going on at JP Morgan Chase, known to its inmates as 'The House of Fun'? The old JP Morgan was a total shower, and dear Chase Manhattan, with its socially suspect pedigree, was known mainly for buying companies for three times more than they were worth.