Search results for

Standard Chartered has launched an $84m six year lease and sale back facility for Kaspian Leasing, an SPV of Singapore Airlines (SIA). The facility is divided into a syndicated $60m tranche and a $20m portion solely provided by Standard Chartered.

The mandate to arrange the new Eu25m five year facility for Banka Koper has been awarded to RZB, Sanpaolo IMI and LB Kiel. The deal was launched into syndication this week. Two tickets are on offer: Eu3m and Eu2m. The deal pays a margin of 50bp over Libor. Commitments are due by early May. Bank Koper last tapped the market in October 2002 with a Eu35m five year term loan. Mandated arrangers were Bank Austria Creditanstalt, LB Kiel, NordLB and WGZ-Bank. The deal paid a margin of 50bp over Libor.

A bank meeting was held this week for the launch into syndication of the $2.1bn acquisition facility for Smith&Nephew. The deal, which funds the borrower's acquisition of Swiss Centerpulse, is being arranged by Lloyds TSB and Royal Bank of Scotland. Banks have been invited at $150m for lead arrangers or $100m for arrangers. While the company is reckoned to be an aggressive borrower it commands a good following among banks and the deal should be placed comfortably.

Rating: A2/A/A+ Amount: Eu250m (fungible with two issues totalling Eu750m issue first launched 10/09/02

Rating: Aa1/AA+ Amount: £225m

More corporates requiredThe five year dollar market remains very hot, offering issuers attractive arbitrage opportunities and investors the safe haven securities they continue to seek. Rarity value played a key role in the NIB's successful $1bn global bond, allowing pricing of Libor minus 18bp and increased distribution into the US.

HSBC has hired John Studzinski from Morgan Stanley to join Stuart Gulliver as co-head of the corporate, investment banking and markets (CIBM) division. The duo replace Stephen Green, who is to take over from Keith Whitson as group chief executive at the annual general meeting on May 30.

HSBC has hired John Studzinski from Morgan Stanley to join Stuart Gulliver as co-head of the corporate, investment banking and markets (CIBM) division. The duo replace Stephen Green, who is to take over from Keith Whitson as group chief executive at the annual general meeting on May 30.

ABN Amro, Barclays Capital and Commerzbank have been awarded the mandate to arrange an $800m three year syndicated letter of credit for reinsurance group Converium. The deal was launched into syndication at the end of last week and a bank presentation was held this Tuesday. The deal pays a LC commission linked to a ratings grid. It pays 50bp for a rating of A+ and up, 60bp for A and 70bp for A- and below. Three tickets have been offered: arranger for a take of $75m for a fee of 22.5bp; co-arranger for a take of $50m for 17.5bp; and senior lead manager for a ticket of $25m for 15bp.