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  • ? The dispute between Germany’s Landesbanks and Standard & Poor’s stepped up a notch this week as pressure grew on the rating agency to drop its plan to announce hypothetical ratings for the Landesbanks once they lose their guarantees from Germany’s Länder in 2005.
  • ? The bidding war for mandates on Commercial Bank of Kuwait’s (CBK) $250m loan took a further twist yesterday (Thursday) when Citigroup, Gulf International Bank (GIB), Standard Chartered, Sanpaolo IMI and Mizuho had their offer turned down. The banks, until yesterday, looked certain to win the mandate.
  • ? Guarantor: Land Baden-Württemberg
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  • ? So it looks like a drink-off! UBS versus CSFB. The art establishment versus the silver screen. Übercool Eddy versus Young, Posh and Loaded’s Hill.
  • ? Rating: A1/A/A+
  • ? Deutsche Bank will relaunch the £583m in debt facilities backing the buy-out of UK packaging group Linpac Group imminently. The arranger will approach lenders on a one-to-one basis as opposed to a traditional syndication.
  • ? Lithuanian retail group VPM has won a mandate to buy electricity distributor Vakar Fkirstomeidji Tinklai (VFT) from the government and is backed by a group of local Baltic banks, EuroWeek hears. Achema, a Lithuanian conglomerate that was backed by a facility arranged by JP Morgan and Standard Bank, has lost the bid.