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  • Mandated arrangers Barclays Bank, Deutsche Bank, DnB Markets, JP Morgan and Nordea will sign banks into the $500m seven year facility for Bergesen dy today (Friday). The deal has been a blowout success and will be increased to Eu800m.
  • The mandate for the dollar fundraising for Philippine National Oil Co is to be awarded next week. Syndication of the $100m five year export credit financing for Smart Communications, arranged by Bank of Tokyo-Mitsubishi, Citigroup/SSB and ING Bank has been closed. Banks are reviewing the documentation and signing is slated for the end of the month.
  • EuroWeek understands that Erich Pohl and Achilles Macris will be unveiled today (Friday) as the new co-heads of Dresdner Kleinwort Wasserstein's capital markets division. The appointments follow former head of capital markets Andrew Pisker's promotion to co-head of Dresdner Bank's corporates and markets division and chief executive of Dresdner Kleinwort Wasserstein. The other co-head is Karl Ralf Jung who takes the role of CEO of corporate banking within the corporates and markets division.
  • Porsche, the German luxury car maker, will not pursue a New York Stock Exchange listing because of recent changes in the disclosure requirements for companies listed in the US, it emerged this week. "The idea was certainly attractive to us," said Wendelin Wiedeking, chairman of the board at Porsche. "But we came to the decision that a listing in New York would hardly have brought any benefits for us and our shareholders and would have led to considerable extra costs."
  • EuroWeek understands that Erich Pohl and Achilles Macris will be unveiled today (Friday) as the new co-heads of Dresdner Kleinwort Wasserstein's capital markets division. The appointments follow former head of capital markets Andrew Pisker's promotion to co-head of Dresdner Bank's corporates and markets division and chief executive of Dresdner Kleinwort Wasserstein. The other co-head is Karl Ralf Jung who takes the role of CEO of corporate banking within the corporates and markets division.
  • Mandated lead arrangers LB Kiel and RZB will launch the Eu50m three year term loan for Banco Internacional do Funchal (Lisbon) (Banif) into general syndication next week. SanPaolo IMI joined as an arranger during senior syndication as an arranger.
  • Rating: A1/AA- Amount: $500m
  • Joint mandated arrangers Arab Banking Corporation (ABC) (facility agent), National Bank of Abu Dhabi (information memorandum) and Bank of Tokyo-Mitsubishi signed banks into the $120m three year bullet term loan for Commercial Bank of Qatar yesterday (Thursday). The deal was oversubscribed but will not be increased.
  • Rating: Aa1/AA+/AA Amount: $1bn
  • Rating: Baa3/BB Amount: $451.5m (increased from $250m)
  • Amount: $542m, £242.04m, Eu15m Issue price: 100.00
  • Bank of America, BNP Paribas, HSBC (press agent), Royal Bank of Scotland (bookrunner and agent bank) and WestLB will launch the £1bn refinancing for RMC Group plc into syndication next week. The facility will partly refinance the £2bn acquisition facility taken out by RMC when it took over Rugby plc in 1999.