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  • The $500m refinanancing for ED&F Man looks set to close oversubscribed. Barclays, BNP Paribas, Fortis Bank, Rabobank, Royal Bank of Scotland, SG and Standard Chartered Bank are arranging the debt which was launched two weeks ago.
  • The mandated arrangers will launch syndication of the $1.35bn financing for Egyptian LNG in the next few weeks. An official date has not yet been set. For more details see EuroWeek 785.
  • Rating: Aaa/AAA Amount: Huf12.5bn
  • Amount: Sfr100m lettres de gage (increase to Sfr200m issue launched 17/01/03) Maturity: February 14, 2006
  • Rating: Aaa/AAA Amount: Ck1bn
  • Compiled by Annie Seelaus, HSBC Bank plc, London Tel: +44 20 7336 3525
  • Leading Russian investment bank Renaissance Capital this week appointed veteran diplomat Sir Andrew Wood to its advisory board. Sir Andrew began his diplomatic career in Moscow in 1964 and, after postings in Yugoslavia and the US, ended it there in 2000, having served five years as the UK ambassador to Russia.
  • Rating: Aaa/AAA Amount: $1bn
  • Amount: ¥13bn Rating: Moody's
  • The mandate to arrange the $600m-$1bn facility for Outokumpu should be awarded imminently. The mandated arranger group is understood to comprise three to five banks. For further details see EuroWeek 787.
  • BBVA, BNP Paribas, Fortis Bank, JP Morgan and Natexis Banques Populaires this week won the mandate to arrange a Eu1.5bn debut financing for steel company Arcelor. The revolving credit facility will be equally split between a 364 day and a five year tranche. Pricing will be between 30bp-40bp over Euribor, and will ratchet on a ratings grid.
  • Rating: Aaa/AAA/AAA Amount: Huf12bn