Search results for

Rating: Aaa/AAA Amount: Nkr500m

Syndication of the £1bn loan for RMC Group plc has not yet been closed. Although arrangers BNP Paribas, HSBC, Royal Bank of Scotland and WestLB are confident that the deal will sell well, some market participants say that the loan's sharp pricing may put some banks off.

Mandated arrangers Danske Bank and SEB Merchant Banking will close syndication of the $225m multi-currency revolver for Haldex AB by today (Friday). Signing will take place on December 9. The deal looks as if it is heading towards an oversubscription and will be signed close to the $250m mark.

Rating: Aa2/AA+ Amount: $100m (fungible with two issues totalling $750m launched 17/09/02 and 17/10/02)

Formosa has received bids from a number of banks for a dollar financing to fund its operations in China. A mandate will be awarded early next week. Negotiations are underway for a NT$15bn-NT$20bn project financing for Taipei Port Consortium. The consortium consists of Evergreen Marine Corp (50%), Wan Hai Lines (40%) and Yang Ming Marine Transport Corp (10%).

Rating: A2/A- Amount: Eu500m

The telecoms sector this week dominated corporate issuance with three deals for top-flight names. Their timing proved positive, benefiting from several weeks of improving market sentiment and investors seeking to beat the year end market shut down.

Guarantor: Tessenderlo Chemie SA Amount: Eu40m

Rating: B2/B/B Amount: $260m

Amount: R1bn Legal maturity: November 21, 2026

The mandate to arrange the $250m 365 day facility for Türkiye is Bankasi (Isbank) has been awarded and the deal has been launched into syndication. The arrangers are ABN Amro, American Express Bank, Bank of New York, Bank of Tokyo-Mitsubishi (joint bookrunner), Citigroup/SSSB, Commercial Bank of Kuwait, Commerzbank (joint bookrunner), Dresdner Kleinwort Wasserstein, Gulf Bank, HVB Group, Natexis Banques Populaires, Standard Chartered Bank, Sumitomo, UFJ Bank (joint bookrunner), Wachovia Bank and WestLB. Four tickets are on offer: co-arranger for a take of $10m for a fee of 105bp; lead manager for a ticket of $7.5m for 100bp; manager for a take of $5m for a fee of 97.5bp; and participant for a take of $2m for a fee of 92.5bp. The credit will pay a margin of 75bp over Libor. Proceeds will be used for pre-export finance activities.