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  • EuroWeek hears Allied Domeq is close to mandating a group of probably six banks for a £1bn loan.
  • Rating: A1/A+/A+
  • For European financial credits looking to raise capital, the institutional market has not always been a friendly place over the last 12 months. Fortunately, Asian retail investors have discovered that tier one paper would offer them the yield they have been unable to find elsewhere. The European market has recovered but, as Sebastian Boyd discovers, the Asian retail market remains an important, and contested, source of liquidity.
  • Rating: AAA/AAA
  • Rating: Aaa/AAA/AAA
  • Parex Bank is close to completing a one year extension on its Eu55m loan signed last June.
  • A small yellow feather arrived on Leak's desk this week, accompanied by an invitation to SNS bank's car rally this week, and a cryptic message: "It has nothing to do with clay-pigeon shooting."
  • Guarantor: LGT Bank
  • Germany gas and engineering company Linde AG is to open a new market for European corporates by issuing the first corporate subordinated euro bond with a step-up coupon to be targeted at institutional investors and the first to have been given equity credit by the rating agencies.
  • Montagu Private Equity is in advanced talks over the buy-out of the privately held packaging business Linpac Group for around £900m.
  • Tonto is not exactly the most environmentally friendly of Native Americans. In fact when it comes to nature, if he can't shoot it, smoke it or eat it he normally doesn't take much interest in it.
  • Kumpulan Guthrie has awarded a $200m five year term loan to Development Bank of Singapore.