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  • A bank meeting is planned for the second week of February for supermarket chain Somerfield's potential £320m loan. HSBC and Royal Bank of Scotland are mandated lead arrangers on the deal.
  • Rand Merchant Bank and Nedbank are arranging facilities to back acquisitions by hotel and gaming group Peermont Global.
  • Chohung Bank's $200m one year fundraising is progressing in syndication. Standard Chartered Bank (Hong Kong) is leading the facility.
  • ING will be the sole mandated lead arranger for the syndication of facilities supporting the buy-out of Grupo Zena de Restaurantes, the restaurant company. The financing is a recapitalisation of CVC Capital Partners' purchase in May 1999.
  • Four sponsors bidding about £1bn have approached Travelex, the foreign exchange group.
  • Four sponsors bidding about £1bn have approached Travelex, the foreign exchange group.
  • Amount: Sfr375m
  • Sual Holding, the management company behind several Russian aluminium producing plants, has approached lenders for about $500m-$600m. The facility will be the largest ever syndicated deal for the Siberian-Urals Aluminium Group.
  • Bond issuance by financial institutions and the consequent effect on both the spread market and the yield curve continued to be the dominant theme in both the euro and dollar swap markets this week.
  • Bank of America, Danske Bank and SEB Merchant Banking have won the mandate to arrange a $125m five year revolving credit for Elekta, a supplier of radiation oncology and neurosurgery technology.
  • Rating: Aa1/AA+