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  • ? Akbank has signed its $0m one year facility after it was oversubscribed and increased from $300m. The deal pays a margin of 65bp over Libor and refinances part of a $0m one year term loan signed last September.
  • ? The emergence of a second inter-dealer broker in the secondary loan market provided some cheer for traders this week.
  • Guarantors: TVN Sp zoo, TV Wisla Sp zoo, TVN 24 Sp zoo
  • The $10m facility for Aval Bank will be signed on December 15. Standard Bank is the mandated lead arranger and HVB and Parex have joined as joint arrangers ahead of launch.
  • Rating: A1/A/A+
  • ? Allana International’s $125m five year amortising loan has attracted interest from regional lenders and European investors. Bankers say the rarity of a corporate deal in the Middle East has contributed to the demand, combined with the transaction’s good pricing. The margin, however, has not been revealed
  • Guarantor: Unión Fenosa SA
  • ? Natexis Banques Populaires, CIC Crédit Mutuel and Crédit Lyonnais have completed a $180m five year deal for Forasub/Pride Foramer. The borrower is a holding company for the offshore and non-US operations of Pride International, a Houston based drilling company.
  • On December 6 2002, Freddie Mac’s senior management received two anonymous letters. One was sent by fax to Leland Brendsel, Freddie’s chairman and CEO. One was also sent to Ken Lewis, the chairman and CEO of Bank of America.
  • Duke Street Capital has acquired Accantia, the UK health and beauty company, for £225m from ABN Amro Capital. Bank of Scotland is the lead arranger and underwriter of the debt facilities.
  • ? Vodafone made an opportunistic visit to the sterling bond market yesterday (Thursday) and raised £2m of 22 year money at a meagre spread of 74bp over Gilts — inside the borrower’s outstanding 2032 bonds, which were trading at 79bp/76bp.
  • Rating: A2/A/A