Search results for

Rating: Baa3/BB+ (Moody's/Fitch)

The $15m 364 day loan that Sanpaolo IMI and Standard Bank are arranging for First International Merchant Bank, or FIM Bank, has raised more than $30m during syndication and will be closed late in June. Lenders have been offered tickets of $3m for a fee of 35bp, $2m for 30bp, or $1m for 25bp.

Mandated lead arrangers DBS Bank and HSBC will be launching a $380m seven year term loan for Guthrie International Investment (L) into senior syndication early next week. Parent company, Kumpulan Guthrie is providing a guarantee.

Compiled by: Richard Favis, RBC Capital Markets

The Mexican peso took the limelight in the niche currency market this week as top rated borrowers rushed to issue in the sector. The peso market has been simmering for some time since the first eurobond deal was launched for the Inter-American Development Bank (IADB) in March. It finally came to the boil this week with five new transactions, totalling Ps3.2bn of issuance.

Do we sense the winds of change at Merrill Lynch blowing through the corridors of power? No, it has nothing to do with the Chelsea Flower Show, on which Merrill has pulled the plug as one of the main sponsors.

he $1.2bn five-year take-out facility and the $700m four-year amendment being arranged for Cemex SA de CV have been signed. The larger facility, which takes out a bridge signed in April to partially finance the acquisition, was oversubscribed and increased from $1bn.

Mexico flaunted its position of strength in the capital markets this week when it priced its new Eu750m 10 year benchmark at one of the most aggressive levels yet seen on its euro bonds.

Two Middle Eastern banks are aiming to access the short and longer ends of the international capital markets shortly through debt programmes, EuroWeek has learned.

NASD announced yesterday (Thursday) that it had ordered Morgan Stanley, JP Morgan and Goldman Sachs to pay more than $2.9m following sales of restricted securities in violation of lock-up agreements as required by NASD rules. NASD censured the firms and ordered Morgan Stanley to pay a fine of $150,000 and disgorgement of more than $2.5m in ill-gotten profits. JP Morgan was ordered to pay a fine $150,000 and Goldman Sachs was fined $125,000.

Rating: BBB+

Barclays Capital leapfrogged Deutsche Bank into second position in table one this week after the UK house led 13 trades for just under $600m. The majority of the deals Barclays printed were in the CMS-linked structure, but the bank also released equity, currency and commodity-linked notes for Banque Générale du Luxembourg. The redemption of the Eu12.5m eight year commodity-linked deal references a basket of indices comprising CECEEUR, S&P Nifty 50, Hong Kong Hang Seng, S&P Latin America 40 iShare, DJ AIG Commodity and the Goldman Sachs US Commodity index.