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Macquarie Bank this week launched the first Euromarket securitisation for an Australian non-conforming mortgage lender, raising A$400m equivalent for Liberty Financial. Liberty Series 2003-1 Trust included a $100m senior tranche, with an average life of 2.56 years, which was offered to investors in Europe and Asia. Roadshows were held in the UK and continental Europe.

Singapore Post hopes to take advantage of its status as a non-speculative stock to list on the Singapore stockmarket in a deal that could raise around S$600m. SingPost is the 100% owned postal unit of Singapore Telecommunications. Pre-marketing began on Tuesday through joint lead managers DBS Bank and UBS Warburg, following lodging of the preliminary prospectus on Monday.

The Middle Eastern loan market is proving to be a difficult and nervy arena for syndicated loan business this year, with just 10 deals launched since January from that region and Africa combined, according to Dealogic. Borrowers and lenders alike are postponing the launch of any new deals for the time being, aggravating the market drought. Some activity has taken place, though. Absa appears in Dealogic's mandated lead arranger table for Middle East and Africa this week due to its self-arranged $330m facility.

Mandated arrangers Africa Merchant Bank, BNP Paribas, Natexis Banques Populaires and SG will close senior syndication of the $1.15bn pre-export financing for Sonangol by Monday. The deal will not be launched into general syndication until late April. It has been well received so far and up to five banks are expected to join during senior syndication.

Rating: A2/AA- Amount: Eu900m

Rating: A1/AA+ (Moody's/Fitch) Amount: Eu500m Hypothekenpfandbrief series 340 (fungible with Eu1bn issue launched 08/01/03)

Newcrest Mining, through its financing arm Newcrest Finance, has finalised funding for the Telfer Gold Mining Project after six banks completed a A$575m six year club deal. Arrangers are: National Australia Bank committing A$150m, Westpac Banking Corp investing A$125m, Commonwealth Bank of Australia and ANZ Investment Bank lending A$100m each and HSBC and SG taking A$50m apiece.

Rating: Aa3/A+/AA- Amount: £100m

Rating: A1 Amount: Eu600m

The nine mandated arrangers for Alba will sign banks into $500m 10 year facility on Monday. The transaction has been oversubscribed and commitments will be scaled back. For more details see EuroWeek 786.

Rating: Aa3/A+/AA- Amount: Eu100m

Rating: Aa2/AA Amount: $250m 144a