Search results for

Rating: AAA (Fitch) Amount: Eu200m Landesschatzanweisung series 1

Loan Ranger's trusty informants at that wannabe UK powerhouse of debt have told him that the bank, nestled in a leafy suburb of outer London called Canary Wharf, will soon be losing two of its hunkiest secondary loan traders. Even the promise of a mega-raise to their outer London weighting allowance - or an executive helicopter to cut the travel time to the City to a manageable 40 minutes - has been unable to keep the two starlets from escaping.

Leak's favourite desk swapper, Tarik Senhaji, is off again. But before we hear cries of zut alors and ooh la la ringing through the corridors of Crédit Agricole Indosuez, let us assure you that it's just a holiday this time. And Tarik is not the only one. It seems that trips to foreign climes are all the rage at the moment. Leak has learnt that UBS Warburg's head of CP trading, James Marriott, has been taking the wind in the Dominican Republic. With tornadoes having swept through the area a couple of years ago, Leak is not convinced of James' sanity, but he assures us that the windsurfing was superb.

Amount: Eu241.7m Legal maturity: December 20, 2023

Italian regional utility Meta Modena has launched an Eu85m-Eu94m IPO, despite the growing likelihood of war in Iraq. BNP Paribas and IntesaBci started bookbuilding on Wednesday and the book is scheduled to close on March 21, with pricing to be announced over the weekend. The retail offering will open on Monday.

ABN Amro, Goldman Sachs, ING, JP Morgan and Rabobank will approach Ahold's closest relationship banks for the initial stage of syndication today (Friday) or early next week. The five banks have already held preliminary discussions with Ahold's closest banks. Although credit analysts expect Ahold's bond spreads and share price to be plagued with volatility over the next few months as it clears up accounting irregularities and sells assets, they view Ahold as a fundamentally stable credit.

The Government of Malaysia has finally chosen between the two bank groups vying for the mandate for its fundraising, with Barclays, Citigroup/SSB, Maybank, Standard Chartered and Sumitomo Mitsui Banking Corp emerging as the successful team. The facility was reduced to $375m equivalent from $420m after discussions with the borrower. It is divided between a $134m six year term loan and a ¥28.3bn six year term loan.

Amount: Eu306.63m Issue price: 100.00

Compiled by Holger Kron Deutsche Bank

Compiled by Holger Kron Deutsche Bank

Compiled by Holger Kron Deutsche Bank

Issuance in dollars was down $200m this week, with just over $2bn from 148 trades. Triple-A rated borrowers were the busiest, accounting for a 44% market share. Among the most active was SNCF. The French railway firm came with a $50m note led by Citigroup/SSB that matures in March 2005. The trade was the 30th off the borrower's $7bn EuroMTN facility.