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Citigroup/SSSB and Commerzbank have launched a Eu125m dual tranche loan for furniture company Steinhoff Europe. Co-arrangers taking Eu20m receive 70bp, senior lead managers committing Eu15m get 60bp and lead arrangers with a take of Eu10m, 50bp.

Stephen Green, head of HSBC Group's corporate, investment banking and markets division, is to replace Sir Keith Whitson as group chief executive at the endof March. Sir John Bond remains chairman. Whitson retires at the annual general meeting on March 30.

Estonia's leading bank Hansapank has priced the debut issue from its Eu750m EuroMTN programme, a Eu300m three year bond that is the largest private sector issue so far from the Baltics. Despite difficult market conditions this week, lead manager Barclays Capital was able to price the issue at the top end of the price talk range of 55bp to 60bp over mid-swaps, and increase the deal size from an original target of Eu200m to Eu300m. Swedbank, which owns a majority stake in Hansapank, was senior co-manager on the deal.

Guarantor: Bank of Scotland Rating: Aa2/AA/AA+

The HK$250m three year term loan for Gold Peak Industries arranged by Citic Ka Wah Bank and Development Bank of Singapore is progressing well. Around 12 banks have been invited into the facility. Responses are due March 10.

Rating: Aa3/A+/AA Tranche 1: Eu600m lower tier two capital

Mandated arrangers Bank Austria, DZ Bank, ING and LB Kiel will sign banks into the Eu150m five year bullet term loan for Central-European International Bank (CIB) by next Friday. Erste Bank and BayernLB are arrangers.

Amount: ¥89.2bn Legal maturity: July 15, 2033

Mandated arrangers BayernLB, DZ Bank, Nordea and Sumitomo have launched the Eu200m three year multi-currency term loan for Bunadarbanki Islands into syndication. The deal pays a margin of 35bp. Arrangers have been invited for takes of Eu15m for an upfront fee of 20bp.

Presentations are to take place in Singapore for a $75m five year term loan for Indian Railway Finance Corp arranged by Barclays and HSBC. Banks will receive a margin of 70bp over Libor. Fees to the market are set at three levels, with arrangers lending $10m or more receiving 85bp, co-arrangers taking $5m-$9m earning 80bp, and lead managers committing $3m-$4m gaining 75bp.

Richard Johnson, global head of debt syndicate at UBS Warburg, has retired from investment banking at the age of 39, depriving the business of one of its most respected operators.

Richard Johnson, global head of debt syndicate at UBS Warburg, has retired from investment banking at the age of 39, depriving the business of one of its most respected operators.