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  • Mandated arrangers ING Bank, Oversea-Chinese Banking Corp, Sumitomo Mitsui Banking Corp, Standard Chartered Bank and United Overseas Bank have launched a $480m credit for STT Communications into sub-underwriting and general syndication concurrently.
  • Guarantor: Sistema JSFC
  • Holding company Sistema yesterday (Thursday) priced a $350m 2011 bond, puttable after three years, allaying some bankers’ fears that there might be little from Russian issuers before presidential elections on March 14.
  • Slovenske Elektrarne's Eu300m restructuring facility will be launched imminently.
  • While affluent EuroWeek readers were opening their Christmas present mountains and doing their best to put turkeys on the endangered species list, did you notice that Goldman Sachs was changing the palace guard? In its usual clever way, Goldie didn’t make a separate announcement, but slipped the changes under the smokescreen of some brilliant fourth-quarter results.
  • Nova Kreditna banka Maribor has launched syndication of its five year Eu40m loan and is already oversubscribed. Mandated lead arrangers are BayernLB and RZB.
  • Kookmin Bank has become the latest bank to issue RFPs. The memo requests banks to pitch on a $200m one and two year loan facility. Several banks are working on bids which are due to be submitted today (Friday).
  • Rating: A2/A/A+
  • AES Cartagena has signed banks into its Eu664.9m deal. The mandated lead arrangers are ABN Amro, Crédit Agricole Indosuez and SG.
  • Rating: Aa3/AA- (Moody’s/Fitch)
  • Standard Life, the UK mutual insurance company, could not avoid reminding investors of its troubled status this week when it sold 20% of UK property company Hammerson — on the same day that chief executive Iain Lumsden announced his departure.
  • Last year will go down in capital markets history as a wonderful year for sterling. Investors made a pile of money, issuers commanded spectacularly tight spreads and bookrunners oversaw an escalation in volumes. Jo Richards reports.