Search results for

Mandated arranger Nordea signed banks into the Eu360m seven year term loan for Citycon this week. Nordea has underwritten Eu140m. Svenska Handelsbanken and EuroHypo joined as arrangers for takes of Eu110m each. Proceeds will be used for general corporate purposes and to finance future property investment. The borrower is Finland's leading listed property investment company.

BayernLB has launched general syndication of a Eu75m dual tranche loan for Union de Banques Arabes et Françaises. Tranche 'A' is a three year facility which is priced at 35bp over Euribor, while 'B' is for five years and pays 50bp. A commitment fee of 22.5bp is payable on tranche 'B'.

Amount: Eu1.062bn Rating: Moody's/Standard & Poor's

The European Investment Bank yesterday (Thursday) celebrated 25 years in the sterling market, a period in which the supranational has become the premier Gilt surrogate with £32bn of debt outstanding in the sector. The subject of the silver jubilee celebration - a £25m Eurobond maturing in 1992 - was announced on November 28, 1977 and was lead managed by Credit Suisse White Weld. Now the EIB boasts a whole yield curve of sterling issues with a size of over £1bn stretching from 2003 to 2032. Notably, its 2028 flagship issue now stands at around £3.5bn.

Shares in France Télécom shot up 25% on Wednesday and Thursday after speculation about the content of next week's restructuring plan. Bankers believe that the government is planning to transfer its 54.5% stake into a new vehicle, extend France Télécom a Eu9bn loan via state owned bank CDC and then launch a Eu5bn bond early next year.

General Electric Capital Corp (GECC) will push heavily into the US retail market next year with around $7bn-$10bn of InterNote issuance as it continues to diversify its funding sources away from commercial paper and plain vanilla term debt markets in an attempt to lower funding costs. Last Friday (November 22), the company filed a $20bn shelf with the SEC as part of a two year InterNotes programme of which Chicago-based Incapital LLC and Banc of America Securities are joint lead managers.

Amount: Eu174.6m Rating: Fitch/Standard and Poor's

Rating: Aaa/AAA/AAA Amount: Sfr100m (fungible with Sfr250m issue launched 12/11/02)

Syndication of the debt facilities backing Bain Capital and Dor-Moplefan's Eu200m acquisition of polypropylene film business Trespasphan is going well. Arranger JP Morgan has invited banks to commit Eu20m for fees of 100bp or Eu15m for 85bp.

Guarantor: Hamburgische Landesbank Girozentrale Rating: Aa1/AA/AAA

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

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