ACT/Deals of the Year awards – Overall Winner announced

Cadbury Schweppes has won the Overall Winner category at the Deals of the Year award. The expert judging panel was unanimous in its decision to present the Overall Winner category to Cadbury Schweppes for its €1.2bn fixed and floating rate bond issue in June 2004. The deal was deemed an outstanding model of innovation, price-efficiency and sound treasury practice and an example for other treasury departments to emulate.

Invensys, Tesco and Swiss Re were among the companies celebrating at the seventh annual Deals of the Year awards today.

The Deals of the Year awards are unique as they are chosen by treasurers and treasury practitioners. The awards were presented at the Deals of the Year lunch, held on 21 January 2005

Mike Henigan, Publisher of The Treasurer, said:

"This year, the calibre of winners was outstanding. Despite the fact that levels of activity in 2003-04 were all down on the volumes experienced last year, the deals nominated in all categories were excellent."

Tim Owen, Director of Treasurer for Cadbury Schweppes, the Deals of the Year Overall Winner, said:

“We are delighted to have won this award. We have always wanted to win this; it is the most prestigious award.”

The winners were:

Category: Investment-grade bonds
Winner: Cadbury Schweppes
Amount: €600m of 4.25% fixed rate notes and €600m FRN
Bookrunners: ABN AMRO, BNP Paribas, Dresdner Kleinwort Wasserstein, HSBC

Highly recommended: Marks & Spencer

Category: High-yield bonds
Winner: Invensys
Amount: US$550m and €475m
Bookrunner: Deutsche Bank

Highly recommended: SEAT Pagine Gialle

Category: Equity
Winner: Tesco
Amount raised: £773m
Bookrunners: Cazenove, Deutsche Bank

Highly recommended: Pages Jaunes

Category: Equity-linked
Winner: Swiss Re
Issue size: €671m
Bookrunners: BNP Paribas, Merrill Lynch

Highly recommended: Linde

Category: Loans
Winner: Vaillant Group
Amount: €625m term loan and RCF
Bookrunners: Commerzbank Securities, HSBC, RBS

Highly recommended: Auna

Category: Securitisation & Structured Finance
Winner: Mitchells & Butlers
Amount: £1.95bn
Bookrunners: RBS, Citigroup

Highly recommended: FIFA

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