Search results for

After a six year absence A1/A+ rated German automotive company Volkswagen AG is returning to the syndicated loan market for a new jumbo facility.

After a six year absence A1/A+ rated German automotive company Volkswagen AG is returning to the syndicated loan market for a new jumbo facility.

Rating: Aaa/AAA/AAA Amount: $500m

The $450m five year facility for the State of Qatar has been closed this week by arrangers ABC, Gulf International Bank and Sumitomo. The deal has received a healthy oversubscription and is due to be increased up to $500m.

Amount: Eu957.93m Rating: Moody's/Fitch

Rating: Aaa/AAA/AAA Amount: Eu6.5bn

Amount: $282.6m, £164.7m Issue price: 100.00

Gazprom's $300m six year facility has been signed. The deal was closed oversubscribed, but was not increased and commitments have been scaled back.

Guarantors: Rio Tinto plc, Rio Tinto Ltd Rating: Aa3/AA-

Banks have been given an extension from today's (Friday) original deadline until next Tuesday to submit bids for the arranging mandate for the Eu2.35bn financing of Saudi Basic Industries Corporation's (Sabic) acquisition of Dutch specialty chemicals company DPC from DSM. Despite the loss of a weekend, the delay will come as a relief to bankers struggling to get to grips with the transaction. "I can't remember the last time the market got itself into such a flap over a deal," said one banker who is bidding on the transaction. "There is wildly ranging talk on pricing, approaches to the structure and syndication strategies. People are finding it very hard to work this one out."

The $250m five year facility for Arab Petroleum Investment Corp (Apicorp) was this week launched into the market. Arrangers for the deal are Crédit Agricole Indosuez, Gulf International Bank, HSBC, Sumitomo and Riyad Bank.

The issuer BPC Finance has set up a note issuance programme for the issuance of secured notes. Debt up to the limit of $2.5 billion can be raised off the programme. The arranger of the programme is TVT Holdings. The notes will be listed on the Luxembourg Stock Exchange or by the Financial Services Authority Official List. Notes may also be unlisted. The Trustee for the note holders will be Bermuda Trust (Far East) and the issue agent is The Bank of Bermuda.