BNP Paribas

Article Abstract:

The merger of BNP and Paribas in 1999 has created BNP Paribas, which is now one of Europe's leading acquisition finance providers. The merged operation will benefit from a larger balance sheet and enhanced underwriting capacity for acquisition finance deals. Lead arranger mandates since early 1999 have included senior debt to support the public-to-private of Warner Howard, a distributor of hand dryers and washroom equipment, and senior debt to support the purchase of two medical laboratories by German concern LabNet AG. BNP Paribas will continue to leverage its investment banking knowledge to give an integrated service.

Management, BNP Paribas S.A.

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Royal Bank of Scotland, Leveraged Finance Group, Europe

Article Abstract:

The Royal Bank of Scotland Leveraged Finance Group has established a strong presence in Europe. In 1999, it reached the landmark of 300 completed deals and 4 billion pounds sterling of underwritten facilities. Its French team covers Southern Europe, while the German team also deals with Austria and Switzerland. The group is currently looking at creating a presence in Italy and Spain. In 1999, the French team was involved in many different sectors, including advertising and pharmaceuticals. Royal Bank of Scotland also has much experience in mezzanine financing through RBS Mezzanine.

Foreign operations, Royal Bank of Scotland Leveraged Finance Group

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The high yield bond: what's it all about?

Article Abstract:

UK pension funds are beginning to realize that high yield bonds have the potential to boost fund performance, as these bonds have a higher margin coupon than vanilla corporate bonds or treasury gilts, according to Candover Deputy Chief Executive Doug Fairservice. Castle Transmission International, in which Candover holds a 27% stake, is using the 125 million raised from its sterling high yield bond issue in May 1997 to refinance the bank debt used to purchase the home service transmission network of the BBC in Feb 1997.

Radio & TV communications equipment, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Video Program Equip, Officials and employees, Interview, Broadcasting equipment, Candover Investments PLC, Television equipment, Fairservice, Doug, Castle Transmission Services

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