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  • Mandated arrangers Citigroup/SSSB has closed syndication of the $250m three year facility for Slavneft after the deal received a warm reception in the market. Six banks have joined in general syndication and the deal is due to be signed in the next two weeks.
  • Bank of Scotland has launched the £120m five year revolver for Saga into a one step syndication. The three tickets on offer to market are £10m, £15m and £20m. The loan carries a margin of 115bp over Libor.
  • Amount: Eu500m lower tier two debt Maturity: June 28, 2012
  • The loan documentation for the Eu2.35bn financing for Saudi Basic Industries Corporation's (Sabic) should be signed today (Friday). The first round of syndication is already discreetly underway. This phase is for those banks that did not make it into the final mandated arranging group. EuroWeek hears that there has already been one commitment received at this level.
  • Rating: A (Fitch) Amount: Eu150m Öffentlicher Pfandbrief series 302
  • Amount: ¥40bn Rating: Aaa/AAA/AAA
  • Triple-A rated insurer Standard Life is roadshowing a £1bn equivalent two tranche subordinated transaction that will be the best rated paper available in the sector. The expected Aa2/AA rating will beat Allianz's recent Aa2/AA- Eu2bn deal by one notch.
  • The mandate to arrange the Eu40m three year facility for Abanka has been awarded and the deal will be launched into general syndication next week. ING is understood to be leading the deal and LB Kiel and RZB have joined as arrangers.
  • The S$250m five year fundraising for MobileOne (Asia) Pte, arranged by ABN Amro, is nearing completion. All commitments have been received and the arranger is completing the formalities before closing the deal next week. Development Bank of Singapore has been mandated for a $50m three year term loan for an SPV of Want Want Holdings. The borrower's principal activities are the manufacturing and trading of snack foods, beverages and related products.
  • Rating: Aa1/AA- Amount: Sfr150m (fungible with Sfr600m issue launched 22/04/02)
  • Colombia will brave the markets next week to price a minimum $500m exchange and new cash bond. The deal, to be led by Citigroup/SSB and Merrill Lynch, will clean up the leftovers of a local exchange in May, as well as raising the $300m of funding Colombia still needs for the year.