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  • Bankers say that Equate Petrochemical Company will shortly approach banks for a project finance facility in support of an ethylene and derivatives complex in the port of Shuaiba.
  • Rating: Aa1/AA/AAA
  • The $1bn project financing for project company Nam Theun II Power Co (NTPC) was signed last Friday (April 24).
  • The Eu7.57bn loan for property firm Metrovacesa's purchase of Frances largest property company, Gecina, has closed oversubscribed. The borrower will not increase the loan and banks' allocations will be scaled back.
  • In Scotland the flags were lowered to half mast, the price of porridge futures dipped in sympathy and the pipers on the battlements of Edinburgh Castle played The Last Post.
  • ABN Amro Capital has purchased FlexLink, the industrial equipment supplier, for Eu153m from EQT.
  • A Eu1bn club deal for mobile products and services company Ericsson will be signed this week via mandated lead arrangers and bookrunners BNP Paribas, Calyon, HSBC and Svenska Handelsbanken. The loan has a five year plus one plus one maturity structure.
  • Barclays Capital and HSBC continued to jockey over third position in league table one this week. But at the close yesterday (Thursday), Barclays took third ahead of its UK rival on the back of a strong performance which saw it bring just under $500m of new deals to market over the week.
  • Ability Enterprise's NT$2.5bn five year term loan is set to be launched today (Friday). Cathay United Bank, Hua Nan Commercial Bank and International Commercial Bank of China are the mandated lead arrangers.
  • Tata Tea has signed its £142.5m five year loan through mandated lead arranger Rabobank. Citigroup and Royal Bank of Scotland joined as lead managers. AIB, Bank of Scotland and Lloyds TSB joined as managers.
  • Senior syndication of the $250m five year financing for Thai Oil will be completed today. ABN Amro is arranging the facility.