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  • The senior debt backing the buy-out of Dutch firm Raef by NIB Capital has been oversubscribed in general syndication. ABN Amro is the sole mandated lead arranger on the Eu159.75m of senior debt. There is also Eu35m in mezzanine finance backing the transaction.
  • After a bumper month for the primary bond market in July, the first week of August proved an anti-climax, being one of the quietest of the year. The Treasury market stabilised after last week's dramas, and swap and credit spreads came down from their highs.
  • AUSTRIA
  • Globe Telecom's $50m term loan arranged by Crédit Lyonnais, DBS Bank and HSBC has seen Sumitomo Mitsui Banking Corp and NordLB join as equal status arrangers following limited syndication of the facility.
  • Rating: Aa2/AA-
  • EuroWeek hears that Bank of Tokyo-Mitsubishi, KBC and SGCIB are close to being mandated on a project financing for PKN's plastics plant. The deal will be Eu380m in size and have a tenor of 14 years.
  • Rating: Aaa/AAA/AA+
  • Rating: Caa1/B-/B-
  • Amount: ¥7.6bn
  • Amount: $520m and Eu515.5m
  • Two Russian banks, MDM Financial Group and Rosbank, are hoping to launch securitisations in the next 12 months. MDM's deal could be launched as early as the fourth quarter of this year.