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  • Signing of the $100m loan for Bank TuranAlem is scheduled for the end of July. The deal raised around $245m in syndication and the borrower is still considering an increase.
  • Mandated lead arrangers are yet to be appointed for Commercial Bank of Kuwait's $250m five year term loan. But four or five banks, including Standard Chartered and Citigroup, are known to be in discussions with the borrower.
  • Rating: Aa1/AA/AAA
  • UK commercial property developer Land Securities is set to tap the EuroCP market, after signing a Eu1bn EuroCP facility this week through Barclays Capital.
  • Rating: Aaa/AAA
  • Senior managers at Freddie Mac, the US mortgage agency, were more concerned with bolstering the company's "steady Freddie" public image than with maintaining internal controls.
  • Senior managers at Freddie Mac, the US mortgage agency, were more concerned with bolstering the company's "steady Freddie" public image than with maintaining internal controls.
  • Politics, schmolitics, it's all about politics. But while Leak constantly hears the rumblings of each and every bank's political machinations, and other bankers claim to hate the cut and thrust of boardroom intrigue, there's one market man who pits his will and barbs his teeth to the challenge.
  • Lehman Brothers has taken a step towards diversifying its business with a $2.625bn acquisition of Neuberger Berman, a US fund manager specialising in business for high net worth individuals.
  • Rating: A2/A
  • Lloyds TSB, HSBC, ABN Amro, and Mizuho will be sub-underwriters on the £700m debt facilities backing the buy-out of Linpac Group by Montagu Private Equity. They have taken £100m apiece for fees of 160bp. General syndication will be launched in mid-August.