Search results for

* Scottish Power plc Rating: Aa2/A+

There are no stories in this section this week

Berliner Bank, Bank of Nova Scotia and MeesPierson have won the mandate to arrange a $100m term loan for easyJet. The borrower will use the loan to finance the purchase of three Boeing 737-300s and the refinancing of three Boeing 737-300s. HSBC will sign the £55m five year facility for New Look next week. The loan has been well supported in general syndication and has been fully subscribed.

Belgium Arrangers Banque Nationale de Paris and KBC are looking to sign the Bfr15bn non-recourse facility for Telenet Operaties' telecommunications project over the next 10 days.

Ghana Citibank has won the mandate to arrange a $40m term loan for the Agricultural Development Bank of Ghana. The facility carries a margin of 140bp over Libor. Citibank is approaching co-arrangers, offering 48bp flat for $5m commitments.

China The general syndication of Fujian Pacific Electric Company's $526.39m project financing for its Meizhou Wan power project is going well, according to the arrangers -- BA Asia, Banque Paribas, Credit Suisse First Boston, and Tokai Bank -- who expect around 15 banks to sign up by the end of the month.

Australia Delta Gold NL is arranging a A$60m revolver for its financing arm Delta Gold Management. The facility is split between a $40m five year amortising tranche 'A' and a $20m 364 day bullet portion. The two tranches will pay respective margins of 65bp and 45bp over BBSW. There is a 10bp front end fee offered in both tranches.

Peter Hans has joined Fuji International Finance as executive director and head of high yield. Hans joins from the former Union Bank of Switzerland, now Warburg Dillon Read. He will jointly report to Jeremy Ghose, who has been promoted to deputy managing director of Fuji International Finance, and Michael Cole, managing director and head of capital markets.

THE DEADLINE for banks to commit to the sub-underwriting senior lead manager level in the £2.4bn credit facility for PowerGen Finance is today (Friday). Arrangers Deutsche Bank, Goldman Sachs and HSBC are confident that the phase will be a successful one. A banker at one of the arranging banks predicts that 21 out of the 22 banks approached will come in as the sub-underwriting senior lead managers. "The deal has been extremely successful -- more so than most of us anticipated," said one London banker. "Maybe a few banks will come in early next week, but it has to go down as one of the best deals so far this year."

Iceland Den Danske Bank and Landesbank Kiel have launched general syndication of the $75m multicurrency revolving credit for Islandsbanki.

India The mandate for the $75m yen equivalent refinancing for Indian Railway Finance Corporation looks set to be awarded to the joint bid by ABN Amro and State Bank of India. The debt will refinance an Asian Development Bank loan. Pricing is expected to be around 200bp over Libor.

Guatemala Arranger NationsBank is preparing to launch syndication early next month of an $82m non-recourse project financing for a 120MW power plant being developed by Central Generadora Eléctrica San José.