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Russia's second largest food retailer Perekriostok has taken a step towards flotation after emerging market fund manager Templeton took a 7.7% stake in the company. The Templeton Strategic Emerging Markets Fund, one of the most important emerging market fund managers, invested $18.5m of new equity into the company to value Perekriostok at $240m.

Rating: Aa2/AA Amount: $500m

Rating: Aa2/AA Amount: C$500m (fungible with C$500m issue launched 10/04/03)

Rating: Aa2/AA Amount: $500m

Rating: Aaa/AAA/AA+ Amount: $300m

Rating: Aaa/AAA/AA+ Amount: C$200m (fungible with C$300m issue launched 08/01/03)

Rating: Aa2/AA/AA- Amount: $1.25bn (increased from $1bn)

Amount: Eu235m Rating: Aaa/AAA

Sabanci Bank has mandated ABC International, Bank of Tokyo-Mitsubishi and WestLB to arrange a $50m three year loan. The borrower's last syndicated facility was a $50m three year revolver signed in October 2001 and arranged by ABC and Barclays Capital.

Senior syndication of the $130m three year unsecured facility for Transneft has been wrapped up by arranger RZB. Four banks joined at this stage, while one further bank may still commit. A limited general syndication may be launched in the next few weeks.

As the infection rate of the severe acute respiratory syndrome (Sars) rises across Asia, regional economies and capital markets, as well as individuals, are feeling the effects. The Asian bond market has been no exception. Despite a strong and growing pipeline, concerns abound that it will be hard to translate interest into reality. With masked pedestrians staring out from newspaper front pages and television screens, and infection rates and death tolls still rising, global sentiment towards Asian issuers is deteriorating.

Guarantor: Abbey National plc Rating: Aa3/AA-/AA-