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  • The $20m loan for Promsvyazbank is slated for signing today (Friday). The facility was oversubscribed and the borrower is likely to take an increase.
  • After a week of speculation and denial, Royal & SunAlliance, the UK insurance company, announced yesterday (Thursday) that it was launching a £960m deeply discounted rights issue to fight its way out of financial difficulties.
  • After a week of speculation and denial, Royal & SunAlliance, the UK insurance company, announced yesterday (Thursday) that it was launching a £960m deeply discounted rights issue to fight its way out of financial difficulties.
  • Rating: Aaa1/AA-/AAA
  • Guarantor: deficiency guarantee from Land Kärnten
  • Mandated lead arrangers BayernLB, BNP Paribas, KBC and SMBCE have signed the syndicated facility for Hungary's Exim Bank. The loan was increased from Eu200m to Eu230m following an oversubscription.
  • Tranche 1: Eu500m iBoxx diversified
  • Three new banks have joined the iBoxx credit-linked note stable. Citigroup, Dresdner Kleinwort Wasserstein and SG joined ABN Amro and Deutsche Bank in launching a new product this week - the Eu500m iBoxx Diversified Note.
  • Bank of Baroda has mandated Citigroup, Crédit Lyonnais, Development Bank of Singapore and Natexis Banques Populaires to lead a $100m 360 day facility.
  • Rating: Baa1
  • Rating: Baa1/AA-
  • High yield bond investors will be given a rare opportunity to buy a dollar denominated Mexican corporate issue in the weeks ahead, when Innova, the leading pay-TV company, offers a $200m deal.