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  • Alliance Housing Bank (AHB) has signed its debut $40m three year term loan through mandated lead arrangers Bank Muscat and WestLB.
  • Guarantor: Land Nordrhein-Westfalen
  • Owens-Illinois sold a $694m 10 year bond in euros and dollars on Tuesday ? both tranches were five times oversubscribed even without a roadshow.
  • Rating: B2/B
  • Pension funds are adjusting their investment models as a result of changes to pension planning ? particularly the end of the final salary scheme ? in the UK, according to a survey by Bank of New York.
  • Dutch electronics company Philips yesterday (Thursday) sold its entire 3% stake in French media company Vivendi Universal, raising Eu720m. BNP Paribas lead managed the sale after winning a bidding contest on Wednesday evening, and immediately began selling the shares.
  • The Eu150m three year bullet loan for RZB Polska should be signed around December 7. The deal is oversubscribed and will not proceed into general syndication. The borrower may take a small increase.
  • Banco Português de Negócios (BPN) has signed its Eu110m three year loan. The deal was oversubscribed and increased from Eu50m.
  • The Polish government this week invited investment banks to pitch for the role of adviser for the privatisation of the country's largest insurer, PZU. The government is keen to keep up the momentum in its privatisation programme after the wildly successful IPO of PKO Bank Polski, Poland's largest bank, three weeks ago.
  • House builder Redrow has tapped the market for a £300m five year loan. Barclays and Royal Bank of Scotland led the deal, which was oversubscribed and increased from £250m.
  • French toll road operator Autoroutes Paris-Rhin-Rhône priced its Eu1.35bn IPO on Wednesday, having attracted the largest demand from French retail investors since the IPO of Thomson Multimedia in 1999.
  • The dollar market, disrupted by Thanksgiving celebrations on Thursday, is to host a couple of benchmark transactions next week before US non-farm payroll data is released next Friday.