Search results for

France Banque Nationale de Paris and Deutsche have won the mandate to arrange a Ffr4bn five year revolving credit for LVMH Moët Hennessy Louis Vuitton.

GENERAL syndication of the highly successful Eu1.25bn (increased from Eu1bn) three year standby credit facility for the Hellenic Republic of Greece has closed oversubscribed. Consequently, the borrower has agreed to again increase the size of the facility to Eu1.4bn. Co-ordinators of the deal -- Bank of Tokyo-Mitsubishi, Chase Manhattan, Deutsche Bank and SG -- have brought in an impressive list of banks in the general syndication.

India Indian Railway Finance Corp is tapping the market for a ¥8.854bn US dollar equivalent loan through arranger ABN Amro Bank NV.

Argentina The $125m (reduced from $150m) three year bullet loan arranged by Dresdner Bank Luxembourg, Warburg Dillon Read and Barclays for Yacimientos Petroliferos Fiscales SA (YPF) was signed on November 3.

Egypt Four banks have been mandated to arrange the international project debt financing for the Sidi Krir independent power plant.

Denmark Arrangers ABN Amro, Citibank and Bank of Tokyo-Mitsubishi are in negotiations with borrower Borealis over the final size of its facility.

Croatia Chase Manhattan and Zagrebacka banka have launched general syndication of the DM40m term loan for debut borrower City of Zagreb.

THE INFORMATION memorandum for the $600m Al Tawellah A2 power and water desalination project financing sponsored by CMS Energy will be issued within the next 10 days by arranger Barclays Capital. Details of the deal's terms are scarce. However, it is understood to have a 17 year maturity. The pricing should be around 80bp over Libor pre-completion. Post completion the margin can move up to as high as 150bp. CMS Energy won the concession to develop the project on a build-own-operate basis in October from the Abu Dhabi Water and Electricity Authority (ADWEA), beating off rival bids from Enron and Tractebel.

Hong Kong HSBC Markets and Hang Seng Bank have completed a HK$1.25bn FRCD for Hongkong & Shanghai Banking Corp.

Australia The $100m three year floating rate CD for Adelaide Bank arranged by Overseas Union Bank has been put on hold due to unstable market conditions.

Argentina The $125m (reduced from $150m) three year bullet loan arranged by Dresdner Bank Luxembourg, Warburg Dillon Read and Barclays for Yacimientos Petroliferos Fiscales SA (YPF) was signed on November 3.

Chase Manhattan has hired three new staff for its loan syndications team in London. Mike Constant has joined from the bank's London project finance department as a managing director and senior originator. Karen Simon joins from the bank's New York headquarters also as a managing director and senior originator. Mariam Toulon joins from the Washington DC office of Baring Private Equity Partners and will be working on the distribution side.