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Despite the weakening sentiment towards Korean risk in the past few weeks Kookmin Bank has launched a $110m term loan and loan-style FRN fundraising through arrangers Barclays Capital, Development Bank of Singapore, HSBC, LB Kiel, Standard Chartered and Wachovia Bank. The deal will be split between a one year tranche priced at 28bp all-in, a two year portion paying 38bp and a three year segment at 48bp to top tier participants joining as co-arrangers with tickets of $10m or above.

Rating: Aa3/AAA (Moody's/Fitch) Amount: Eu350m Landesschatzanweisung series 153

Rating: Aa1/AA+/AAA Amount: Nkr500m

Rating: Aaa/AAA/AAA Amount: C$100m (fungible with three issues totalling C$250m first launched 17/09/02)

Leading syndicated loan bankers this week offered opinions on how the European syndicated loan market would shape up in 2003 at a Euromoney syndicated loans conference held in London. The topic of the conflict in Iraq and its impact on the loan market came to the fore. Bankers say the war is having little impact other than to slow the credit approval process and in some cases, temper appetite for companies down the credit curve.

Rating: Aa1/AAA Amount: Sfr100m (fungible

Rating: A2/A/A+ Amount: $500m (fungible with $1bn launched 14/01/03)

Leak is pleased to announce that an impressive bevvy of glamorous celebrities will be attending next week's eagerly awaited MTN and CP awards dinner. While Kylie Minogue has pulled out at the very last minute, one prominent (male) member of the MTN community has offered to arrive in gold lamé hotpants in her absence. However, we feel it is our duty to remind everyone that the dress code in strictly black tie - although if Kylie does change her mind and arrives in those fantastically short shorts we could make exceptions.

The Secret Brotherhood of Primary Dealers - aka the Brown Shoe Brigade - were out in force at this week's conference in Le Méridien Picadilly to discuss strategy. An amicable panel discussion entitled: "Shiny shoes are a loan banker's greatest asset, discuss" kicked off philosophically with Elegant Ed wondering how Lobb custom-mades compared with Church's in winning mandates.

Lloyds TSB has added to its loans syndications and distribution team in London with two hires. The bank has hired Giuliana Voissey as director of loan distribution. She most recently worked at BNP Paribas in London; before that in loan distribution at Royal Bank of Scotland for 10 years.

Stephen Long has returned to JP Morgan to head up the ratings advisory practice once again. Long began as a vice president on Monday. He briefly worked as a ratings adviser at BNP Paribas.

Arcelor's Eu1.5bn facility will be increased to Eu2bn. Over Eu2.5bn was raised from the market. "Considering that Arcelor is in a difficult sector and that the deal's pricing was tight it has been a surprising success," said one banker. Documentation has been sent out and banks will be signed into the deal within the next two weeks.