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  • The Italian government completed its Eu4.1bn sale of a 9.3% stake in national electricity company Enel on Monday, with 657,000 Italian retail investors applying for shares — far more than the number that took part in the government's Eu7.6bn sale of Enel shares last October.
  • The Republic of Iceland has signed its $250m five year multi-currency revolver.
  • Sub-underwriting for Bharti-TeleVentures' $225m dual tranche financing has been completed and was to have been launched into general syndication by late Thursday (yesterday). BA Asia, Citigroup, DBS Bank and Standard Chartered Bank are the mandated arrangers.
  • Rating: A1/A (Moody's/Fitch)
  • Kazkommertsbank is talking to lenders about extending the $150m 364 day loan it signed in August last year through Citigroup (bookrunner), Abu Dhabi Commercial Bank, Emirates Bank International and UFJ.
  • Kazkommertsbank is talking to lenders about extending the $150m 364 day loan it signed in August last year through Citigroup (bookrunner), Abu Dhabi Commercial Bank, Emirates Bank International and UFJ.
  • Mandated lead arrangers Dresdner Kleinwort Wasserstein, HSBC and RZB have launched syndication of a $100m five year loan for Kuwait Projects Co, or Kipco.
  • Parex banka's Eu188.5m loan attracted commitments from 34 lenders, including mandated lead arrangers ING, Mizuho and Standard Bank.
  • In just a few days — on July 18 — Landesbank Baden-Württemberg (LBBW) will lose its explicit state guarantees in the form of Anstaltslast and Gewährträgerhaftung, opening up fundraising challenges for the bank.
  • Lehman Brothers has made nine appointments to its German investment banking division in Frankfurt. Michael Bonacker, Christian Karcher and Rudolf Woetzel join the bank as managing directors.
  • In just a few days — on July 18 — Landesbank Baden-Württemberg (LBBW) will lose its explicit state guarantees in the form of Anstaltslast and Gewährträgerhaftung, opening up fundraising challenges for the bank.