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  • Amount: ¥74bn
  • Thanks to some clever manoeuvring behind the scenes, we finally made official contact with SG, the French bank which we had always admired, but which seemed to prefer keeping itself to itself.
  • Stealing good people away from Morgan Stanley is never easy.
  • Nova Kreditna Banka Maribor is to sign its Eu40m five year loan on February 20 in Maribor. The deal is already oversubscribed but the borrower has yet to decide whether to take an increase. Mandated lead arrangers are BayernLB and RZB.
  • Lloyds TSB has joined the £61m in debt backing the buy-out of Simon Storage, the chemical storage company, completing syndication of the deal.
  • Rating: A2/A/A+
  • ABSA Bank's self-arranged $250m club deal will be completed this month. The facility consists of a $150m 364 day tranche and a $100m two year tranche.
  • Arranger RBS is still talking to a few Spanish banks in the small retail phase of syndication of the Eu127m in facilities backing the buy-out of Parques Reunidos by Advent International. The deal should be completed this week.
  • Auto components maker Schefenacker tapped the European high yield bond market this week with an innovative deal that it will use to replace short term bank debt.
  • Two of France's largest companies, Suez and Schlumberger, came to the equity markets this week to sell off non-core assets.
  • "Why are we usually so unkind about HVB?" asks a member of the London office via email. To be honest, we had no idea that we were beastly about HVB, which at one time looked as if it was about to do a tailspin straight into a Bavarian farmyard trough, but which has staged such a recovery that it now smells of rose petals and Lily of the Valley.