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  • Iran Khodro's $100m three year loan has closed oversubscribed and will be signed shortly.
  • Rating: BBB+
  • While the Thanksgiving period in the US slowed new issuance in the EuroMTN market yesterday (Thursday) and will do so again today, dealers continue to report steady flows in the vanilla and structured markets. ?Thanksgiving has knocked new business, but more generally November continues to be good and has followed on from the strong market we saw in October,? said one banker at a European house. ?However, Thanksgiving has proved to be a turning point in the market in past years so we will have to see if that happens again. But at the moment there is no sign of a material slowdown.?
  • Rating: Aa2
  • Syndication of the Eu530m in debt backing the buy-out of Saeco, the espresso machine maker, by PAI Partners should be finished the week after next. A small general syndication is possible in the new year.
  • Rating: A3/A-
  • Property company Land Securities' £1.5bn five year refinancing has closed oversubscribed through mandated lead arrangers Barclays, Citigroup and Lloyds TSB.
  • Alliance Bank's $15m 364 day loan has been signed. RZB and Standard Bank are joint arrangers for the deal, which pays a margin of Libor plus 300bp.
  • Rating: Aa3/A+/AA-
  • Rating: Aaa/AAA/AAA
  • It seems the ladies have a new beau. HBOS might not have meant to build that kind of bridge when it hosted its MTN gathering at the Royal Exchange this week, but you just can't stop good old-fashioned lust.
  • Argentina has been advised to postpone its plans to launch the domestic portion of its debt exchange on Monday because of the threat of litigation by foreign bondholders.