Search results for

Do we detect some jockeying for position at Barclays Bank, where chief executive, Matt Barrett, may be moving onwards and upwards? The genial Irishman - he has binned his Canadian roots - has had a good run and now has his eye on the office of chairman, Sir Peter Middleton who, at the age of 69, is due to hang up his all-night dancing shoes.

Syndication of PFG (Kunshan) Co's $60m dual tranche facility is progressing well, according to arranger Citigroup/SSB. The deal is scheduled to close next week.

Rating: A2/A/A+ Amount: $1bn (increased from $750m)

Rating: Aa2/A+ Amount: $1bn subordinated debt

CIT Group completed its rehabilitation from the damage done by Tyco International's ownership with this week's blowout $1bn 4.125% three year global bond. The deal, led by Lehman Brothers and Deutsche Bank, was the final part of the curve it needed to return to the funding mix it enjoyed before Tyco's troubles shut it out of the markets early last year.

Citigroup/SSSB this week made the largest jump in Dealogic Loanware's Euromarket mandated arranger league table, leaping from eighth to fifth. This is due to its leading role in the $240m financing for Russia's Norilsk Nickel.

Rating: Aa3/AA/AA Amount: Eu100m

Rating: AAA Amount: Eu250m obligations foncières (fungible with Eu1bn issue launched10/10/02)

Rating: Aaa/AAA/AAA

Amount: Eu654.9m Rating: A2/A-

Mandated arrangers Bank Austria Creditanstalt, DZ Bank, ING and LB Kiel have launched the Eu150m five year bullet term loan for Central European Investment Bank (CIB) into general syndication. Three tickets have been offered: senior lead manager for a ticket of Eu10m for a fee of 25bp; lead manager for Eu7.5m for 22.5bp; and manager for Eu5m for 20bp. During senior syndication Erste Bank and BayernLB joined as arrangers, and Baden-Württembergische Bank, Landesbank Rheinland-Pfalz and NordLB as co-arrangers. The deal pays a margin of 22.5bp over Libor for years one to three and 25bp for years four and five.

Croatia and Tunisia are keeping up the steady flow of EMEA sovereign issuance this quarter. Both countries will price euro denominated transactions today (Friday) and bankers predict that they will fly off the leads' books. Croatia met investors in Europe this week for a Eu500m seven year transaction that it has mandated to Citigroup/SSSB and Deutsche Bank, while Tunisia will bring a Eu300m 10 year offering via Dresdner Kleinwort Wasserstein and Merrill Lynch.