Search results for

Henning Schulte-Noelle, chairman of Allianz's management board is to resign after the AGM on April 29 next year. Michael Diekmann, head of insurance in the Americas and group human resources, is to replace him.

Barclays Capital has completed a $260m extension of the $135m two year fundraising completed in January for Qantas Airways. The arranger held $25m. Co-arrangers comprise China Construction Bank (Hong Kong) pledging $80m, Norinchukin Bank (Singapore) absorbing $30m, and Bank of Nova Scotia Asia, Bayerische Landesbank (Hong Kong) and DZ Bank (Singapore) taking $20m apiece.

Amount: Eu397m Legal maturity: September 5, 2034

Amount: £210m Rating: Fitch/Standard & Poor's

Amount: Eu710m Rating: Moody's/S&P

JPMorgan has reorganized its structured credit operation in New York following the shock resignation of Romita Shetty, head of structured credit and alternative investments. Officials familiar with the firm's plans said Maleyne Syracuse, managing director, client management, will take over Shetty's responsibilities in origination and structuring, while Andrew Palmer, managing director, North American credit derivatives, will head the distribution effort. Syracuse and Palmer both report into Andrew Feldstein, managing director and head of credit portfolio management. A rival credit derivatives head said it was surprising that Syracuse would move into origination given her background in sales. Syracuse, Palmer and Feldstein did not return calls by press time.

Deutsche Bank and Crédit Lyonnais signed banks into the Eu380m debt facilities backing the PAI-led buy-out of new company Panzani on Wednesday. The debt facilities are split into Eu295m of senior debt and Eu85m of mezzanine debt.

Mandated arrangers Deutsche Bank signed banks into the 12 month extension of the $100m one year facility from December 2001 for Kazkommertsbank yesterday (Thursday) in Almaty. The deal has been oversubscribed and increased to $150m. The credit pays a margin of 225bp over Libor.

National Agricultural Co-operative Federation's ¥10bn two year credit arranged by Development Bank of Singapore, Mizuho Corporate Asia (Hong Kong), Standard Chartered Bank, Sumitomo Mitsui Banking Corp and Wachovia Bank will close today (Friday). The bullet loan facility is priced at 35bp all-in for banks joining at the top tier with commitments of ¥1.2bn.

Rating: BBB+ Amount: $150m

Guarantor: Federal Republic of Germany Rating: Aaa/AAA

Rating: Aaa/AAA/AAA Amount: Eu100m (fungible with Eu1bn issue launched 25/10/01)