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  • Standard Bank Namibia will sign a $50m one year club deal on May 10. Barclays, BayernLB, Commerzbank, HSH Nordbank, ING, Mizuho, Natexis Banques Populaires, Standard Chartered, SMBC and WestLB make up the syndicate.
  • Nasdaq, the US's largest electronic exchange, last Friday agreed a $1.88bn deal to buy Instinet Group, the US electronic exchange and institutional brokerage.
  • Supermarket operator Ahold has mandated ABN Amro, Bank of America (bookrunner), BNP Paribas (bookrunner), Citigroup (bookrunner), ING, JP Morgan and Rabobank to arrange a Eu2bn five year loan.
  • July 2005 will be a momentous month for the Pfandbrief market, with the introduction of the universal Pfandbrief Act. Philip Moore explores its likely effect on the market.
  • Bank of New Zealand has completed syndication of Carter Holt Harvey's A$300m three and five year refinancing. The facility was oversubscribed but will not be increased.
  • In the early 1990s the Pfandbrief was struggling to attract investors, due to its illiquidity. Having identified the problem, a solution was found in the shape of the jumbo. Neil Day reports. Long considered a dull cousin to the more glamorous Eurobond market, Germany's Pfandbrief market has spent much of the past year attempting to reinvent itself."
  • Prudential Financial, the US insurer, is starting a European collateralised loan obligation business and has hired three people from NIB Capital, including Jonathan Butler, who was head of its CLO group.
  • ABN Amro and Barclays have launched syndication of the £275m loan for Northgate Information Solutions. The transaction refinances existing debt and also finances the company's purchase of business process outsourcing company Sx3, which is a division of the Veridian Group.
  • Why don't we write more about Japanese securities houses and banks?
  • Rating: Aaa/AAA