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  • Flavio Fabbrizi has joined Cofiri SpA in Rome as head of capital markets with responsibility for all fixed income trading, sales and primary markets activities. Cofiri, formerly the financial arm of Italian state owned IRI, is a standalone investment bank following privatisation with activities in both the debt and equity markets.
  • Contrary to reports this week, Bunadarbanki Islands has no plans to establish a EuroCP facility. The bank announced on Tuesday that it had agreed to merge with fellow Icelandic financial Kaupthing Bank, and told EuroWeek that it would not be making any EuroCP funding plans before the merger was complete.
  • Rating: Baa1/BBB+ (Moody's/Fitch) Amount: Eu150m subordinated debt
  • Mandated arrangers Mizuho, Commerzbank, DZ Bank, LB Kiel, and Sanpaolo IMI have launched general syndication of the Eu150m three year term loan for RBA Croatia. Three tickets are on offer: co-arranger for a take of Eu7.5m for a fee of 45bp; lead manager for Eu5m and fee of 40bp; and manager for Eu2.5m and 35bp. Commitments are due in early May.
  • Rating: Baa1/BBB+ (Moody's/Fitch) Amount: Eu150m subordinated debt
  • Credit Suisse First Boston on Tuesday completed the largest ever Russian risk trade when it sold a $200m block of Mobile Telesystems for Deutsche Telekom.
  • Credit Suisse First Boston on Tuesday completed the largest ever Russian risk trade when it sold a $200m block of Mobile Telesystems for Deutsche Telekom.
  • Credit Suisse First Boston's shake-up in the high grade corporate bond debt division continued this week with the resignation of Jeff Blum, co-head of global investment grade debt syndicate. Blum has been hired by UBS Warburg, which is understood to have offered him the job of head of global syndicate.
  • Rating: Aaa/AA Amount: Skr300m (fungible with two issues totalling Skr1bn first launched 15/01/03)
  • A chronic lack of new issuance in the US market and little in the way of a calendar in the weeks ahead prompted borrowers to discard new issue premiums and price bonds at aggressive levels this week. Investors starved of bonds snapped up anything and everything on offer.
  • A chronic lack of new issuance in the US market and little in the way of a calendar in the weeks ahead prompted borrowers to discard new issue premiums and price bonds at aggressive levels this week. Investors starved of bonds snapped up anything and everything on offer.
  • Rating: Aaa/AAA/AAA Amount: Sfr100m Öffentlicher Pfandbrief (fungible with Sfr300m issue launched on 13/01/03)