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  • A NZ$300m three year club facility has been completed for Perpetual Trust. Joint arrangers Commonwealth Bank of Australia held NZ$225m and Westpac Banking Corp NZ$75m.
  • What was the talk of Hollywood at the Oscar ceremonies? Was it praise for Clint Eastwood or support for The Aviator, which was expected to sweep the board, but which fell ignominiously to earth?
  • Rating: A1/A+
  • Norsk Hydro has mandated Barclays, BNP Paribas, Citigroup and Nordea for a $2bn revolving credit. The seven year facility pays a margin of Libor plus 17.5bp for the first five years and 20bp for years six and seven. The commitment fee is 30% of the margin and the utilisation fee is 2bp if over 50% is drawn.
  • Banks are bidding to arrange a loan of around $250m for Oman Shipping Company.
  • Rating: Aa2/A+/AA-
  • Eric Recto, the finance undersecretary at the Republic of the Philippines' Department of Finance who oversees the country's international borrowing, has resigned and will leave his position on March 15.
  • Premiere Fernsehen, the German cable television station, successfully priced on Tuesday the largest German flotation since that of Postbank last June, raising Eu1.2bn and setting the sluggish German IPO market on a firm footing for recovery.
  • Premiere Fernsehen, the German cable television station, successfully priced on Tuesday the largest German flotation since that of Postbank last June, raising Eu1.2bn and setting the sluggish German IPO market on a firm footing for recovery.
  • Qatar Steel Company, or Qasco, is looking to raise around $580m of 12 year debt to finance the expansion of a steel plant in Doha.