Shortlist for CF's Deals of the Year 2004
The nominations for CF's Deals of the Year 2004 have been submitted and the final shortlist has been forwarded to our judges:
Shortlist for CF's Deals of the Year 2004 ? Corporate Treasury Nominations Debt
US - Calpine Generating Company, GSK, Wal Mart, Telecom Italia
European - Network Rail, Vivendi, TUI, Autostrade, KPN, Celanese, Gazprom
Asia - SK Telecom, Kexim, Panva Gas, Telekom Malaysia
US - Google, General Electric, Freescale Semiconductor
European ? France Telecom, Belgacom, CSR, EIRCOM, Halfords, Pages Jaunes
Asia - Ping An, J-Power, Reliance Energy, Tata, ONGC
US - RBS-Charter One, Sony-MGM, Cingular-AT&T, JC/Eckerd
European - Aventis-Synthelabo, Abbey-Santander, Blackstone-Celanese, Morrisons-Safeway, Cemex-RMC, Ambev-Interbrew
Asia - Anheuser-Busch-Harbin Brewery, Softbank-Japan Telecom, Hynix Semiconductor, Shanghai Auto-Ssangyong Motor, Singapore Power-TXU Australia
US - Refco, Warner Music Group, General Growth Properties, Celanese, AmEx, Texas Genco
European - Bacardi, Debenhams, Suez, Invensys, Vaillant
Asia ? Sony, Optimal, Wynn Resorts Macau
For further details on all the deals, please see below:
Debt - US
Calpine Generating Company, $2.405 billion, March 12 2004.
Bookrunner: Morgan Stanley.
Largest high yield offering of 2004; a complex commodity derivative added enhancing the overall credit and addressing investors' concerns; floating rate structure and multi-tranched loans and notes maximized the investor base between loan investors, hedge funds and traditional high yield money managers.