Search results for

Finland About 20 institutions attended the bank presentation of the Eu500m acquisition financing for Huhtamaki Oy. The arrangers are Citibank (books) and MeritaNordbanken (documentation and facility agent).

n European Investment Bank Rating: Aaa/AAA

Market commentary: Compiled by Vusi Mhlanzi,

Slovakia's gas transit monopoly Slovensky Plynarensky Priemysel (SPP) this week received sovereign ceiling Ba1 and BB+ ratings from Moody's and Fitch IBCA ahead of a Eu150m five year debut euro offering via Paribas. The deal is the latest in a series of planned transactions by Slovakian entities designed to capitalise on positive investor sentiment towards Slovakia.

n Bank Nederlandse Gemeenten NV Rating: Aaa/AAA

THE refinancing for Cofco Capital Corp's $200m 364 day L/C facility signed in September 1998 has been completed. Mandated arranger BA Asia invited nine banks to sign up as joint arrangers and underwriters before launching the deal into general syndication. Arrangers are BA Asia, Banca Commerciale Italiana (New York), Banca Monte dei Paschi di Siena, Bank of China (New York), Banque Nationale de Paris (Beijing), First National Bank of Chicago, Rabobank and Standard Chartered Bank (Beijing) pledging $18.5m apiece, and Bank Brussels Lambert (Hong Kong) and Development Bank of Singapore committing $13.5m each.

n Cregem Finance NV Guarantor: Crédit Communal de Belgique

n ABB International Finance NV Guarantor: keepwell agreement from ABB Asea Brown Boveri Ltd

Telefónica del Perú (TdP) will start roadshows in the week ahead for a vital new $200m bond structure involving an insurance guarantee from the US Overseas Private Investment Corp (OPIC). An ever increasing number of Latin American corporates are pinning their hopes on the structure, at a time when corporate access to vanilla debt markets is all but impossible.

Telefónica del Perú (TdP) will start roadshows in the week ahead for a vital new $200m bond structure involving an insurance guarantee from the US Overseas Private Investment Corp (OPIC). An ever increasing number of Latin American corporates are pinning their hopes on the structure, at a time when corporate access to vanilla debt markets is all but impossible.

Loan market professionals this week expressed concern that the recently completed Eu1.5bn three year standby revolver for the Republic of Portugal will make it difficult for other EU sovereigns to follow suit. The Kingdom of Spain is the closest sovereign to coming to the market. Spain is thought to have held preliminary talks with banks about a new standby facility over the summer.