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Development Bank of Singapore has been awarded the mandate for the inaugural fundraising for Singapore Post, a S$150m loan. The borrower operates a network of post offices, postal agents and stamp vendors throughout Singapore offering postal, telecommunication and agency services.

John Moore, Bear Stearns' global head of frequent borrower's coverage, has taken on additional responsibility for global syndicate. He is also global co-head of the financial institutions group (FIC).

JP Morgan and Lehman have had a disappointing start to the year. Neither of the two banks, which each had leading roles in two of the jumbo LBOs in 2002, have clinched a large LBO financing mandate so far this year.

The growing strength of the bid for euros this week helped Kreditanstalt für Wiederaufbau price its first euro benchmark of the year. The Eu5bn deal, the seventh of its kind, was priced at 20bp over the January 2008 Bund, around 13bp over the interpolated Bund curve, by bookrunners Citigroup/SSSB, Deutsche Bank and HSBC.

Guarantor: Federal Republic of Germany Rating: Aaa/AAA

Rating: Aaa/AAA/AAA Amount: Eu250m Landesschatzanweisung series 61 (fungible with Eu1bn issue launched 21/01/03)

Rating: Aa2/AA/AAA Amount: Eu1bn Landesschatzanweisung series 143

Guarantor: Landesbank Rheinland-Pfalz Girozentrale Rating: Aa1/AA/AAA

Rating: Aa1/AAA (Moody's/Fitch) Amount: Skr300m (fungible with two issues totalling Skr1.15bn launched 11/11/02 and 20/12/02)

Heightened security at London's Heathrow airport may have put many bankers off travelling, but at least it did not snow this week. Tanks and troops will not delay you by 50 hours, which is how long Goldman Sachs' MTN supremo Andrew Devenport had to wait two weeks ago as London's transport system was overwhelmed by two inches of snow. Andrew was on his way to Kenya to visit a children's charity project he runs. The next time he has to make a trip overseas, Leak suggests he grabs a ride on Lehman's Starship Enterprise. The bank took their pitch for EuroWeek's CP awards so seriously that they all donned Star Trek outfits in a bid to impress. Special mention goes to Jim 'Spock' Peterson and Victoria 'Klingon' Morris for the most impressive facial transformations since Michael Jackson.

Rating: B1/B+ Tranche 1: $350m