Search results for

Rating: Aaa/AAA Amount: $500m

KBC Bank (joint bookrunner) and WestLB (joint bookrunner) on Monday signed banks into a Eu75m three year facility for European broker Exane. LB Kiel has joined the deal as an arranger and Landesbank Saar Girozentrale has committed as a co-arranger.

Amount: Eu600m Legal maturity: December 18, 2033

Amount: Eu600m Rating: Fitch

Rating: Aaa/AAA/AAA Amount: $2bn

Deutsche Bank has signed banks into the Eu400m one year multi-currency revolver for Aa1 rated Deutsche Börse. Banca Monte dei Paschi di Siena, HypoVereinsbank, BHF Bank, BNP Paribas, Commerzbank, DZ Bank, Landesbank Baden-Württemberg, Landesbank Rheinland-Pfalz, Lloyds TSB, Mizuho, Sanpaolo IMI and WestLB committed to the deal as co-arrangers. Banca di Roma, Banque Générale du Luxembourg and Landesbank Hessen-Thüringen are senior lead managers.

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

Media company Bertelsmann has announced it is delaying the pricing of its debut offering, the most significant issue in the euro corporate pipeline, after volatility gripped the markets this week. Some Eu1bn of five year notes were expected via Deutsche Bank, Dresdner Kleinwort Wasserstein and JP Morgan after the company completed its roadshow.

US insurance company American International Group this week postponed its $519m securitisation of premium finance loans — the second time in as many years that it has had to do so.

Heath Lambert, the world's seventh largest insurance broker, has launched its IPO at a price range of 325p-375p. The IPO will raise £250, to give the broker a market value of £438m at the midpoint of the range. Merrill Lynch is advising the company. A banker close to the deal said that the stock offered exposure to the insurance sector, which has seen rising rates since September 11, without the drawbacks of having a portfolio invested in equities. Several major UK insurance companies have this week been under pressure as a result of their high exposure to falling stock markets.

Rating: A3/A- Amount: $1.5bn

The HK$2bn five year term loan for Cosco-HIT Terminals will be launched to general syndication next week by arrangers Bank of China (Hong Kong), BNP Paribas, Hang Seng Bank and ICBC Asia. The deal will be priced between 45bp and 50bp according to bankers close to the deal.