Search results for

General syndication has closed on the Eu13bn jumbo for Dutch telecoms company KPN, and the loan market has completed another successful jumbo acquisition financing to back European corporate restructuring. Had the facility not been scaled back, and had all the banks come in for the exact amount requested, the six arrangers would have raised Eu27.15bn from 12 lead managers and 35 co-arrangers.

LAFARGE this week breathed new life into the European loan market as well as innovation into the European equity and M&A markets through its $3.4bn hostile cash bid for UK cement producer Blue Circle.

LAFARGE this week breathed new life into the European loan market as well as innovation into the European equity and M&A markets through its $3.4bn hostile cash bid for UK cement producer Blue Circle.

Mexico Syndication of the $61m loan for Mexican packaging company Aluprint SA de CV is going well and an oversubscription is expected.

THE REPUBLIC of Lithuania will next week start marketing the Baltic state's third euro bond to date. Joint bookrunners Credit Suisse First Boston and Deutsche Bank will host a series of public presentations and one-on-one meetings with investors in Zurich, Frankfurt and London from February 7-9, with the launch of a probable Eu250m five year transaction soon after. Deputy finance minister Dalia Grybauskaite will head the Lithuanian team in Switzerland and Germany, while finance minister Vytautas Dudenas presides over the London leg.

As the long running contest between Vodafone AirTouch and Mannesmann transforms from one of Europe's bitterest takeover sagas into an agreed merger, officials in the loan market await news of the launch into the next round of syndication of Vodafone's Eu30bn superjumbo. Some 11 banks hold Vodafone's deal on their books, but the group could be widened by the imminent launch of a co-arranger phase. At the beginning of the takeover battle bankers were predicting sub-underwriting co-arranger commitments of Eu1bn to Eu1.5bn, for a fee of 50bp.

Bahrain Aluminium Bahrain, known as Alba, has appointed Sumitomo Bank to lead a $68m two year term loan.

Belgium ING Barings was this week forced to scale down the Eu200m placement for Belgian firm Ion Beam Applications.

* The BNP Paribas fixed income division has launched IssueMaster, an internet bond syndication system.