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  • Bank of Scotland has launched the £190m acquisition facility to support the buy-out of Pizza Express by TDR Capital and Capricorn Ventures. The loan is structured with slightly wider pricing than typical European leveraged deals.
  • The long awaited mandate for the Eu500m liquidity backstop for Polish Oil and Gas (Polskie Górnictwo Naftowe i Gazownictwo or PGNiG) has been mandated to BNP Paribas, Citigroup, Crédit Agricole Indosuez, Deutsche Bank, KBC, Mizuho, Pekao, PKO, SMBC and WestLB.
  • Whatever became of James 'Jimmy' Quigley, the legendary debt originator at Merrill Lynch? From his early days, Quigs was always destined to be nominated for the Euromarkets' Hall of Fame and he must have travelled more miles than half a dozen commercial airline pilots.
  • The only complaint we have with our many friends at BNP Paribas is that they occasionally let a golden opportunity slip by. But that is their privilege, and when you look at the most recent results you can see that they really don't need any help from the likes of us.
  • Rank Group has increased its oversubscribed £250m three year deal to £400m. The deal was signed yesterday (Thursday).
  • Teléfonos de México (Telmex), Mexico's leading telecom company, stole the limelight in the US high grade corporate bond market this week with a blowout $1bn five year transaction.
  • Teléfonos de México (Telmex), Mexico's leading telecom company, stole the limelight in the US high grade corporate bond market this week with a blowout $1bn five year transaction.
  • Rating: Ba1/BB/BB
  • EuroWeek's investment bank roundtable this year focuses on corporate and financial sector restructuring. What are the implications for M-amp;A activity, private equity, the capital markets and the economy at large?
  • Rating: Aaa/AAA/AAA
  • Traders estimate secondary volumes are down for the fourth quarter with one desk going, predicting they are as low as $5bn, almost half the level of activity during each of the first three quarters of the year. In these difficult circumstances, many desks are taking a different approach to trades to make their returns.