Search results for

Rating: Aaa/AAA/AAA Amount: $5bn Benchmark Note

Guarantor: IT Holdings SpA Amount: Eu200m

Fonterra has signed a $2 billion Euro-MTN programme. Salomon Smith Barney is the arranger. The dealer panel is ABN Amro, Deutsche Bank, Merrill Lynch, National Australia Bank, UBS Warburg and the arranger. Fonterra is the holding company for Fonterra Cooperative Group, which was formed after the merger of the New Zealand Dairy Board (NZDB) and Kiwi Cooperative Dairies in 2001. NZDB has an existing $1 billion Euro-MTN programme that was signed in 1993 with Merrill Lynch as the arranger. The borrower recently signed a $1.5 billion Euro-CP facility. The dealers on the CP panel are Citibank, Deutsche Bank, Merrill Lynch, National Australia Bank and UBS Warburg.

The list of banks joining telecoms equipment maker Alcatlel's Eu2.075bn multi-tranche facility has been released. Joining at the first level for final takes of Eu112m are Citigroup/SSSB, CSFB, Deutsche Bank, Natexis Banques Populaires, BNP Paribas and Morgan Stanley.

Rating: Aaa/AAA/AAA Amount: $1.5bn

Rating: B+ Amount: $500m

Although the European launch for General Electric Capital Corporation's $15bn debt facility is only scheduled for next week, the deal has already had a soft launch in the UK and western Europe. Citigroup/SSSB, JP Morgan and Bank of America are arranging the global loan.

Bank of America, Deutsche Bank and JP Morgan are preparing to launch the Eu5bn acquisition facility for A+ rated chemicals group Bayer into syndication imminently. The EU this week approved Bayer's Eu7.25bn acquisition of A+ rated Aventis' CropScience business.

Rating: A2/A- Amount: Eu800m

Amount: Eu1.035bn Legal maturity: January 20, 2020

The Kingdom of Belgium launched an opportunistic Eu2bn four year FRN this week, taking advantage of a lack of top quality floater supply to meet an unscheduled funding need it generated last month through a buyback. The sovereign in March repurchased Eu2.3bn of a "classical bond" issued in 1995, before Belgium's OLO programme began.

EuroWeek understands that ABN Amro, Citigroup/SSSB and Fortis Bank beat off four rival banks to clinch the mandate to arrange a Eu1.4bn facility for Interbrew. The facility refinances a Eu1.8bn bridge loan that Fortis Bank extended to Interbrew to fund the brewer's $1.58bn acquisition of German Brauerei Beck in 2001. Details on the pricing and structure of the loan remain scarce.