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  • Rating: A2/A
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  • Telecoms company Vodafone joined a growing crowd of Libor-based issuers taking advantage of arbitrage opportunities in the dollar market by issuing a $500m 15 year fixed rate bond yesterday (Thursday).
  • Telecoms company Vodafone joined a growing crowd of Libor-based issuers taking advantage of arbitrage opportunities in the dollar market by issuing a $500m 15 year fixed rate bond yesterday (Thursday).
  • "How many people have gone home at the end of a day long $900m on a new issue?" That was what Simon Meadows asked himself after ending up with such a position after launching the largest ever sole-led Eurobond, a $1.5bn seven year issue for the Republic of Italy in 1990.
  • Sjoerd Leenart would have no problem with being described by one of the leading lights of the banking world as a bulldog of the capital markets. "He only knows one way to handle a borrower and that is with a stick", claims one banker. The 34 year old himself confesses to an extreme level of aggressiveness when pursuing business.
  • South Africa Reserve Bank signed its $1bn three year term loan this week. The general syndication resulted in an oversubscription to $2.05bn in commitments, but the facility was not increased.
  • Guarantor: Ambac Assurance
  • Rating: A2/AA
  • General syndication has been wrapped up on Spain's first gas fired power project for Amorebieta with a 70% oversubscription. The Eu685.5m project finance deal saw AIB, BBVA, Banesto, Bank of Ireland, Bank of Tokyo-Mitsubishi, Bayerische Landesbank, Fortis, HBOS and KBC Bank join Royal Bank of Scotland - the mandated lead arranger - as underwriters.
  • The name Stanislas Yassukovich is not easy to forget, or to spell. But it has been a familiar one for the last four decades of headline writers for the Euromarkets.