Search results for

India ABB and Videocon, sponsors of the $1.2bn North Madras Power project, have mandated ABB Structured Finance, ABN Amro and Credit Suisse First Boston as arrangers for the project's offshore commercial debt.

BAYERISCHE Landesbank, Deutsche Bank and Greenwich NatWest have signed the $50m one year term loan for Inkombank, increasing it to $63m after appetite proved stronger than anticipated. The transaction is a refinancing of a $115m loan arranged last year. However, because of the poor economic conditions, the arrangers and the borrower decided that a lower amount would be more prudent this year.

* Banco San Paolo di Brescia Rating: A (senior debt by IBCA)

Argentina Chase Securities Inc, Citicorp Securities Inc, Dresdner Bank Luxembourg SA, Banco Bilbao Vizcaya and Deutsche Bank AG signed the $400m three year loan-style FRN for Telefónica de Argentina SA (TASA) yesterday (Thursday).

THE REPUBLIC of Venezuela provided startling proof of the deterioration in the emerging markets over the last 12 months by issuing a $500m 20 year bond at 824bp over Treasuries. That compared with the 325bp launch spread it achieved on its $4bn 30 year deal last September.

MERRILL Lynch and AIB Capital Markets have won the mandate as joint financial advisers and distrubutors on the floatation of Telecom Eireann, the Irish national telecommunications operator, Euroweek has learned.

MERRILL Lynch and AIB Capital Markets have won the mandate as joint financial advisers and distrubutors on the floatation of Telecom Eireann, the Irish national telecommunications operator, Euroweek has learned.

MERRILL LYNCH this week completed the long awaited sale of stock in EFG Hermes, the prestigious Egyptian investment bank, in a deal which signalled to the market that there is still demand from emerging market investors for the right stock despite uncertain market conditions. The US bank had been booked to execute the sale of EFG stock for some time but had been reluctant to approach a market in which emerging market investors proved unwilling to pay anything above the minimum price for assets from this and other developing regions.

Bahrain The $100m syndicated term loan for Bahrain International Bank (BIB) will be signed in London on August 3.

* International drinks and food group Diageo looks set to sign its $5bn MTN programme imminently. Neither Diageo nor arranger Morgan Stanley would comment, but the programme may be signed as early as today (Friday).