Search results for

The Republic of Estonia's much delayed debut Eu100m five year bond will be priced at the beginning of next week, ending a nine month wait for investors. Representatives from the central bank, the ministry of finance and the state treasury department end a three day European roadshow, today (Friday in Amsterdam having called at Frankfurt on Wednesday and London yesterday.

DaimlerChrysler has added four dealers to the panel off its euro10 billion ($9.39 billion) multi-currency CP programme. The dealers are ABN Amro, Bayerische Landesbank, Commerzbank and HVB Corporates and Markets. Dresdner Bank was dropped from the dealer panel.

Mandated arranger Nordea has closed syndication of the debut Eu150m 364 day facility for Nordic IT company TietoEnator. The deal was oversubscribed and an increase is expected to be accepted.

Guarantor: Deutsche Bank AG (Sydney) Rating: Aa3/AA-/AA-

Kicking off what is expected to be a busy few months for Middle Eastern borrowers, Emirates Bank has launched the marketing phase of its $200m five year floating rate note through sole lead manager Deutsche Bank. At the same time, the German bank has also won the sole mandate for Credit Libanais' three year fixed rate $50m issue off its ECD programme.

Dollar swap spreads sloshed around in a relatively narrow range this week, but ended yesterday (Thursday) at the wide end. The five year was 49.5bp mid-market while the 10 year was at 55bp - about 7.5bp outside its recent lows. Treasuries rallied strongly, as economic data continued to be weak and the equity market lurched from one poor performance to the next. Following the release of disappointing retail sales and PPI data yesterday it is unlikely that the Fed will increase rates until the end of the year. Some analysts think it may not happen until next year.

Dresdner Kleinwort Wasserstein (DrKW) has given a major boost to its emerging market debt origination efforts with the hiring of Petri Kivinen and Raymond Harte from Credit Suisse First Boston. They will be joining the German investment bank's emerging markets global debt origination (GDO) team, focusing on eastern Europe, the Middle East and Africa (EEMEA).

Eksportfinans has added JPMorgan as a dealer to its $10 billion Euro-MTN programme. The dealer panel already had 10 names on it but JPMorgan has placed eight trades for the issuer in the past 12 months, all for small amounts in yen and going out between 10 and 21 years.

Rating: AA+/AAA Amount: Sfr100m (fungible with three issues totalling Sfr400m first launched 04/12/01)

Syndication is complete on the £1.28bn acquisition loan for Enterprise Inns. Barclays, Deutsche Bank (sole bookrunner), Lehman Brothers and Royal Bank of Scotland wrapped up selldown with a heavy oversubscription.

The syndication of the Eu150m five year club deal for Enterprise Rent-A-Car is drawing strong support from core banks of the borrower. Dresdner Kleinwort Wasserstein is arranging the loan.