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  • SECONDARY MARKET LOANS
  • United Arab Emirates-based private bank Mashreqbank has set up a $750m EuroMTN programme through joint arrangers Bank of America and Morgan Stanley.
  • Compiled by: Richard Favis,RBC Capital Markets
  • The $3.85bn six month letter of credit facility for Euroclear has been renewed by sole mandated lead arranger Deutsche Bank. The deal is in documentation.
  • Despite volumes falling from $11.1bn to $8.6bn, the number of tickets issued in the EuroMTN market rose from 446 to 494 this week.
  • "Signs of life in syndicated loans?" roars Tonto, throwing down his copy of a salmon-coloured daily financial newspaper. "That's the same headline they used last time they wrote about the market in September! Do they think we've been completely comatose since then?" While Tonto rages, Loan Ranger is wondering what signs of life the syndicated loans family will demonstrate at EuroWeek's inaugural loan market dinner next Wednesday ? and who will end up completely comatose like Tonto normally does.
  • Rating: A+(Fitch)
  • EuroWeek hears that Crédit Agricole Indosuez/Crédit Lyonnais (Calyon) and ANZ Bank have been mandated to arrange the Taweelah Reserve Osmosis Water Desalination Project's $300m loan.
  • Facilities supporting Duke Street Capital's acquisition of health and beauty company Accantia will be launched in the middle of next week. There is a presentation hosted by lead arranger and underwriter Bank of Scotland on February 24. Launch is two weeks ahead of the meeting to give investors enough time to look at information in February ? a month that bankers have predicted will be littered with launches of LBO facilities.
  • Guarantor: Alpha Bank AE
  • Rating: A2/A (Moody?s/Fitch)
  • Samuel Poon, Merrill Lynch's co-head of Asian investment banking, has decided to leave the bank after 17 years to go back to university.