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  • The $780m six year dual tranche fundraising for Guoline Overseas has been launched into general syndication. Bank of Tokyo-Mitsubishi, BNP Paribas and Sumitomo Mitsui Banking Corp are leading the facility.
  • ABN new index launch
  • Barclays Capital's Convertible Cost Index fell 13bp this week to 3.12%, substantially improving conditions for issuers. The fall was driven by higher option implied volatility, and to a lesser extent by lower swap rates.
  • Melrose has mandated Barclays and Lloyds TSB on to a £230m loan as part of its £429m acquisition of industrial products manufacturer Dynacast and engineering firm McKechnie from Cinven.
  • Merrill Lynch has hired Malcolm Stewart, Citigroup's head of acquisition finance, for a senior role in its European leveraged finance team.
  • Spanish property firm Metrovacesa has launched its Eu7.57bn loan to fund the acquisition of France's largest property company, Gecina.
  • The $350m three year revolver being arranged for Bancomext by BBVA and BSCH has closed oversubscribed and was increased from $250m.
  • Morgan Stanley yesterday (Thursday) sold 1.4m shares in German mobile phone operator Mobilcom, raising Eu21.3m for an undisclosed shareholder. Morgan Stanley sold the stock at Eu15.20, a 1.43% discount to the previous close.
  • Morgan Stanley & Co International is likely to increase its £1.2bn repo facility to £1.5bn when it signs in early May. Mandated lead arrangers are JP Morgan (bookrunner) and Lloyds TSB.
  • Just as we were about to complain that this was one of the dullest starts to the year for a long time, the always unlikely figure of Philip Purcell came riding to our rescue.
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