Search results for

* Landesbank Schleswig-Holstein Girozentrale Rating: Aa1/AAA (Moody's/Fitch IBCA)

There are no stories in this section this week

* Brixton Estate plc Amount: £100m

* Compagnie de Saint-Gobain SA Rating: A1/AA-

5380

CITIBANK, Commerzbank and Banco Central Hispanoamericano will wrap up general syndication of the Eu825m credit facility for Telefónica next week and, at the same time, decide how to accommodate the massive oversubscription raised in retail. Most observers expect the borrower to raise the loan to Eu1bn. That retail has been such as success will silence any critics of the deal -- some bankers had suggested the arrangers would struggle to raise the Eu225m required in general syndication. In the event, it would appear that some Eu400m has been raised.

* ING Groep will announce today (Friday) the results of the strategic review of ING Barings instituted by David Robins, shortly after he assumed his role as its chief executive on October 1.

BEFORE THE arrival of the single currency, European sovereigns enjoyed the benefits of being the benchmark issuer in their domestic currencies. Investors regarded their debt as the risk-free benchmark, their products were the most liquid available in the currency, and competition from similar credits was minimal. With the arrival of the euro, the market landscape has changed dramatically. Smaller and medium sized EU states now face many of the same challenges that non-sovereigns have long encountered. Behind the benchmark issuers, France and Germany, the remaining EU members now form the top tier of the new credit market.

Chase Manhattan, Lehman Brothers and Merrill Lynch have launched syndication of the £1.275bn left of the £3.625bn acquisition facility that partly backed the $10.9bn of debt facilities raised in 1998 by Texas Utilities to back the purchase of Eastern Group. The debt is split into a £750m four year term loan, a £200m 364 day revolver and a £325m four year revolver.

THE SALE of stock in United Pan-European Communications has attracted overwhelming interest from international institutions despite the slight weakening of global equity markets. The deal also demonstrates the huge interest in telecoms stocks from international equity investors and the fact that, despite their caution about high growth sectors, they are still keen to acquire exposure to the right groups.

* Asian Development Bank Rating: Aaa/AAA

* Export-Import Bank of Japan Guarantor: Japan