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  • Ripplewood, the US private equity group, has set the date of February 19 for the flotation of Shinsei Bank, the Japanese bank it has created from the ruins of the old Long-Term Credit Bank.
  • Syndication of Noble Group’s $100m two year commodity financing deal has closed. The transaction, arranged by Standard Chartered Bank, is in preliminary documentation.
  • Rating: A2/A
  • Slovenske Elektrarne’s Eu300m restructuring facility will be launched into general syndication in February. Mandated lead arrangers are Bank Austria, BayernLB, BNP Paribas, Citigroup, Crédit Agricole Indosuez, ING, Mizuho, Slovenska Sporitelna, Tatrabanka, VUB and WestLB. For more details see EuroWeek 829.
  • Sole arranger Crédit Lyonnais has closed syndication of Hanjin Shipping's $295.8m ship financing deal, securing commitments from two banks in general.
  • Nova Kreditna banka Maribor’s limited syndication of its five year Eu40m loan is already oversubscribed and will close in the first week of February. The borrower is willing to increase the loan, but not substantially, say bankers.
  • ABSA Bank will be returning to the loan market imminently for its annual club style syndication. The deal will be for $250m and will consist of a $150m 364 day tranche and a $100m two year tranche.
  • Grupo Dragados is close to mandating banks for a Eu900m loan to support the merger of Dragados and Actividades de Construcción y Servicios (ACS) that happened last summer.
  • E.On sold its 4.99% stake in Spanish power utility Unión Fenosa this week, in a Eu217m block trade via Morgan Stanley.
  • The wave of demand for emerging market debt took the sterling bond market to new limits this week as the United Mexican States launched a £500m 20 year transaction that blew out with around £1bn of demand.
  • The wave of demand for emerging market debt took the sterling bond market to new limits this week as the United Mexican States launched a £500m 20 year transaction that blew out with around £1bn of demand.