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  • The $75m loan for the Industry Union of Donbass has closed oversubscribed and the borrower may take an increase. It is a pre-export financing and is being arranged by SG.
  • Virgin Mobile's £350m post-IPO facility, launched last week through Lloyds TSB, will include a £250m term loan and £100m revolver. The final maturity date on the facility will be five years.
  • Guarantor: Volvo AB
  • ABN Amro, Citigroup and JP Morgan have launched senior syndication of Vneshtorgbank's (VTB) $300m three year loan. The deal is priced with a margin of 160bp, only slightly more than the 140bp the bank paid for one year financing in June.
  • Property developer Westbury has signed and increased its loan to £350m from £300m. HSBC is mandated lead arranger on the deal, which pays a margin of 70bp over Libor.
  • Rating: Aa2/AA/AA
  • RETAIL CURRENCIES
  • Erik Wilders has been nominated head of the Dutch state treasury agency (DSTA). He will replace Leo Verwoerd, who has decided to retire at the end of November.
  • Mandated arrangers Maybank, RHB Bank and Standard Chartered Bank are finalising terms of Titan Capital (L)'s $700m dual tranche fundraising before launching the deal into syndication. Titan Petrochemicals & Polymers is providing a guarantee.
  • Newspaper group Metro International has signed a $75m deal to refinance its Skr400m bilateral facility, EuroWeek hears. Nordea arranged the five year revolver and was joined by Handelsbanken and Calyon, who both committed $15m.
  • HVB Group is to take a controlling stake in International Moscow Bank (IMB), Russia's eighth largest bank by assets.
  • Compiled by Richard Favis, RBC Capital Markets