Search results for

BancBoston Securities, Banco Frances de Rio de la Plata, BancAmerica Robertson Stephens and Dresdner Bank Luxembourg have targeted a select group of relationship banks for their $160m facility for energy utility, Transener SA. The facility is split between a $60m five year trade loan and a $100m four year term loan for working capital purposes.

KOÇ HOLDING, the Turkish conglomerate, this week filed a registration statement with the Turkish stockmarket authorities for its international share offering due for launch in June via Goldman Sachs It also disclosed details of the structure of the offering, declaring that it will take the form of a capital increase of around 7.8% of the firm's nominal share capital (1,249,450,000 shares) as well as the sale of 138,550,000 shares by the Koç family. The family will also grant underwriters an over-allotment option of around 15% of the offering to cover the greenshoe.

* Dresdner Bank Luxembourg SA Rating: Aa3

THE MALAYSIAN government will appoint a financial adviser for its Asset Management Corporation (AMC) this weekend, signalling the start of a bad loan work-out programme likely to be financed by at least $4bn of international bond issues this year alone.

THE MALAYSIAN government will appoint a financial adviser for its Asset Management Corporation (AMC) this weekend, signalling the start of a bad loan work-out programme likely to be financed by at least $4bn of international bond issues this year alone.

Abu Dhabi CMS is believed by the market to have put in the lowest bid for the $900m Al Tawellah power and water project. Barclays Capital is supporting CMS's bid. A final decision on the preferred bidder should come shortly. Credit Suisse First Boston is advising the government on the concession.

NATIONSBANK CORP is set to make its annual visit to the Euro-FRN market next Tuesday, with a five year transaction led by its traditional lead manager, Merrill Lynch. The issue will be the first by NationsBank since the announcement of its merger with Bank of America last month. Underwriters are expecting a deal of at least $500m priced in the region of Libor plus 12bp.

Market commentary Compiled by Gerard Perrignon, RBC DS Global Markets, London. Tel: +44 171-865 1759

* Austria Haustechnik (AHT), the world's largest manufacturer of ice-cream chest freezers, is to float on the Vienna stockmarket. The deal is the first Austrian IPO this year. AHT will issue 1.07m ordinary shares at an indicated price range of Asch345 to Asch415, valuing the company at around Asch700m ($56m).

8599

Willy Liu has been hired as a managing director in Chase Manhattan's global oil and gas group. Liu moves from JP Morgan where he was head of its emerging Asia special industries group which covered real estate, telecoms, media and technology, power, petroleum and transport. Liu will be based in Hong Kong and will have senior client management responsibilities for Asia Pacific.

Finland Banque Nationale de Paris and Merita Bank have been mandated by Amer Group Plc to arrange a three year $100m multicurrency revolving credit. The margin starts at 45bp over Libor before ratcheting down to a low of 25bp if certain financial conditions are met.