MEMPHIS -- Bankers Trust Co. is leading a $175 million credit for the construction of a new Harrah's Casino in New Orleans.
The Promus Cos. here said Harrah's Jazz Company has completed a $435 million first mortgage note offering led by Donaldson Lufkin & Jenrette Securities Corp.
The equity contributions of the partners in Harrah's Jazz Co. are: Promus, $90 million; New Orieans/Louisiana Development Corp., $23.3 million; and Grand Palais Casinos, $56.6 million.
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NEW YORK -- Kidder, Peabody & Co. retained its top spot in mortgage-backed securities underwriting for the third quarter of 1994, according to preliminary data from Securities Data Co.
Merrill Lynch & Co. rose to the top place in assetbacked underwriting, winning 28.5% of market share for the third quarter. CS First Boston Inc. was a close second with 28.1% of market share, according to the preliminary data.
Total industrywide issuance of mortgage-backed securities was down dramatically to $12.38 billion in the third quarter compared with $132.32 billion for the same period last year.
In .contrast, asset-backed issuance was up slightly to $16.95 billion compared to $14.16 billion for the third quarter in 1993.
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LONDON -- BankAmerica Corp. on Monday priced $200 million of Eurobonds due Dec. 15, 1999 at a coupon of 8.375% and an issue and fixed reoffer price of 99.555%.
The bonds were priced to yield 8.49%, or 50 basis points over the when-issued five year U.S. Treasury.
The borrower's outstanding senior debt is rated A2 by Moody's Investors Service Inc. and A by Standard & Poor's.