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  • There are two main bidding groups along with some sole bids for the mandated on the Eu500m loan for the Polish Oil and Gas Company (Polskie Górnictwo Naftowe i Gazownictwo, or PGNiG).
  • Prudential M&G, the fund management arm of the UK's Prudential insurance company, has launched a new business line in which it will build and manage leveraged loan funds for clients.
  • Rating: Aaa/AAA/AA+
  • The record Eu3.2bn buy-out of Seat Pagine Gialle's directories business is poised to test market liquidity again when it is launched into general syndication.
  • Rating: Aaa/AAA/AAA
  • The $60m syndicated term loan for Societatea Nationala de Gaze Naturale (Romgaz) is 100% oversubscribed. The borrower, however, will not be taking an increase since the loan has already been approved by the Romanian state, which owns Romgaz.
  • Russian steel producer EvrazHoldings priced its debut $150m three year Eurobond last Friday to yield 9.125%, exactly in the middle of the price talk range of 8.875%-9.375%.
  • Credit Bank of Moscow has mandated Bankgesellschaft Berlin to arrange a six month $10m trade-related extendible term loan. The facility was launched into general syndication on September 19.
  • Rating: A1/A/A+
  • Russian steel producer EvrazHoldings priced its debut $150m three year Eurobond last Friday to yield 9.125%, exactly in the middle of the price talk range of 8.875%-9.375%.
  • Barclays Capital has named Jon Scoffin, its head of corporate credit research, as head of Asia Pacific credit research, a new position.
  • The one year facility for Ukreximbank, the state export-import bank of Ukraine, is $20m in size and pays a margin of 350bp.