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  • Arranger ABN Amro Bank Australia has completed a $30.3m club deal for Highland Kainantu, a subsidiary of mining company Highlands Pacific. The arranger held $10.1m.
  • San Miguel Corp’s $300m five year fundraising is to be launched after the lunar new year.
  • The syndication of £190m in facilities for the buy-out of Pizza Express has been postponed due to owner TDR Capital’s announcement that it is evaluating a possible offer for Pizza Express rival Ask Central.
  • Polish Oil and Gas (Polskie Górnictwo Naftowe i Gazownictwo or PGNiG) signed its Eu600m liquidity backstop in senior syndication on December 23. General syndication will be launched on Monday with a bank meeting scheduled for January 23.
  • The first weeks of 2004 are being dominated by refinancings for former parts of Jean-Marie Messier’s Vivendi empire.
  • Mandates are imminent for Commercial Bank of Qatar’s proposed $100m loan. Bankers think that the pricing could be set at about 40bp, the same as Commercial Bank of Kuwait’s $250m transaction that is in the market. EuroWeek hears that Standard Chartered and HSBC are two of the bidders.
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  • The rapid and volatile strengthening of the rand caused investors to sit on the sidelines in 2003. Kathryn Wells reports.
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  • Rating: Baa1/BBB+