Search results for

Croatia The Deutsche Bank-arranged DM84.5m 364-day bridge loan for Autocesta Rijeka Zagreb (ARZ) has been signed.

A BANK meeting today (Friday) marks the launch of the widely anticipated retail phase for the £476m Coryton independent power project financing in the UK. Credit Suisse First Boston is arranging the deal and concluded the co-arranging and sub-underwriting phase oversubscribed with seven out of the eight banks invited joining -- ABN Amro, Bank of America, Bayerische Hypo-und Vereinsbank, KBC Bank, Lloyds Bank, Paribas and SG. All the banks joined on an equal underwriting basis.

India The senior phase of syndication for the $159m 10 year shipping facility for Enron Corporation should sign today (Friday).

BANK Przemyslowo-Handlowy SA (BPH), the Krakow-based private bank, has mandated HypoVereinsbank to arrange a Eu75m three year term loan. The facility carries a margin of 35bp over Euribor. The mandate marks BPH's second foray into the market -- its first being in September 1997 when it raised a $75m revolving credit through arranger Sumitomo.

* 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.

Industrial Bank of Japan has hired Brian Woolley to head up its syndicated loans business in London. Woolley was previously at the London office of Bank of China, where he established an investment banking subsidiary. His experience in the syndicated loan market is wide and longstanding. He was managing director and head of London capital markets at Citicorp between 1988 and 1996.

WHO IS MIKE O'Neill? You may well ask. Before you could say, 'is Barclays Bank behaving like Bonkersbank?' Sir Peter Middleton and Andrew 'Pandy' Buxton had appointed Mike O'Neill, an unknown West Coast surfer and beach boy, to be chief executive of Barclays. Are the Barclays board members two onions short of the perfect bhaji? Did Any 'Pandy' Buxton lift his hand by mistake at the East Anglian woolly sheep auctions and walk away with a special prize?

* Bansud, Argentina's sixth largest bank, has closed a $115m securitisation of an undisclosed portfolio of loans, arranged by Bansud's leading shareholder, the Mexican bank Banamex, and WestLB. The fixed rate loan market transaction has a one year average life and two year legal maturity, and was divided into two tranches, targeted at domestic and international investors. The unrated deal is backed by a static, amortising pool, and was structured using an Argentinian fideicomiso, or trust.

NHP plc, the UK company that finances operators of homes for the elderly, priced its £265m lease securitisation on Friday, lead managed by Merrill Lynch and JP Morgan. "Care Homes 2 was a great deal for NHP, and the most successful of the UK nursing home deals so far," claimed Alexander Justham, vice president in JP Morgan's London structured products group. "The bonds were oversubscribed, and a very broad range of the core UK institutional investors participated. The pricing was sensible, with neither side leaving any money on the table."

Greenwich NatWest and a consortium of Deutsche Bank and Nationwide Building Society were shortlisted this week to buy the second portfolio of student loans to be privatised by the UK government. Barclays Capital had been the third candidate on the preliminary shortlist. The two leading bidders now have a week or 10 days in which to submit their final numbers.

THE PLANNED merger of SG and Paribas will combine two very different securitisation businesses. Like those of Deutsche Bank and Bankers Trust, they could be highly complementary, and successful management of the merger could produce a formidable competitor in international structured finance. Neither bank would comment, but market participants said the danger was the two groups' approaches were so disparate that it could be hard to forge a common strategy and maximise the potential advantages of greater size, geographical reach and a wider range of skills.

* Merrill Lynch and Sumitomo Capital Securities have begun marketing Twister Funding, a club funding vehicle for 18 Japanese corporates. The transaction will raise ¥88bn of three year funds for the companies through a domestic bond issue. Twister will offer ¥59bn of senior notes rated AAA by Japanese rating agency R&I, and ¥7bn of A rated junior notes.