Latest news
Latest news
Pricing on triple-A notes lands 10bp wider than previous deal in the wake of Iran war
Manager has already used its fourth captive equity fund to invest in five CLOs
◆ Fast money reverses out of SSA bond market ◆ CLO managers face risky ramp startegy ◆ Corporate hybrid bond market runs hot despite volatility
More articles
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The Eu170m five year facility for Polskie Sieci Elektroenergetyczne (PSE) is due to be launched into general syndication next week. Citigroup/SSSB (bookrunner) and ING (facility agent) are arranging the deal which pays a margin of between 50bp and 60bp over Libor according to a net debt to Ebitda ratio.
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Telereal Holdings, a joint venture between Land Securities Trillium and the William Pears Group, last Friday launched a £1.8bn securitisation of UK telephone exchanges leased by British Telecom. Lead managed by Schroder Salomon Smith Barney, the deal refinances Telereal's acquisition of the 5,667 properties that comprise BT's fixed line network in early November. Telereal acquired a head lease on the properties, and sub-leased them back to BT for 35 years.
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The first public Portuguese securitisation backed by residential mortgages hit the market this week when Banco Comercial Português (BCP), Portugual's largest private sector banking group, took the pioneering step of securitising over Eu1bn of its mortgage loans. Magellan Mortgages No 1 plc offered three tranches of floating rate notes via bookrunners ABN Amro and UBS Warburg.
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Czech Republic The $70m one year deal for Czech Electrical Company (Cez) will be closed this week.
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Bahrain Arrangers Arab Banking Corporation and SMBC signed banks into the $107m one year deal for Aluminium Bahrain (ALBA) on Friday November 23.
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South Africa BoE Bank's $100m one year deal is progressing well in syndication. Some $30m has already been raised from three banks that have joined the deal.
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Norway Arrangers BayernLB and Den norske Bank have launched the Eu50m three year deal for Finansbanken into general syndication.
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Austria Austrian utility OMV is still to decide which banks will be arranging its new Eu500m facility.
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Bahrain Arrangers Arab Banking Corporation, Bank of Tokyo-Mitsubishi, Citibank, Commerzbank, Gulf International Bank, National Bank of Abu Dhabi and National Bank of Kuwait signed banks into the $100m three year term loan for Bank of Bahrain Kuwait (BBK) yesterday (Thursday).