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  • Deutsche Bank is in the final stages of closing syndication of the 12 month extension of the $100m one year facility from December 2001 for Kazkommertsbank. The deal has been oversubscribed and will be increased. Signing is due to take place in Almaty next week. The credit has attracted strong attention despite paying a much reduced margin of 225bp compared to the 275bp on its December 2001. For more details see EuroWeek 780.
  • Shinhan Bank has been brought to the market by arrangers ABN Amro, Barclays Capital, Citigroup/SSB, BNP Paribas and Standard Chartered for its final fundraising of the year, a $180m transferable loan facility. The deal is split between a one year tranche priced at 13bp over Libor, a two year portion at 18bp over and a three year at 28bp.
  • Rating: BBB+ Amount: $150m
  • Rating: Aaa/AAA/AAA Amount: C$100m
  • Rating: Aaa/AAA Amount: NZ$50m (fungible with NZ$100m increase launched 02/10/02)
  • Rating: AAA/AAA Amount: Eu750m Öffentlicher Pfandbrief series 7144
  • Amount: Eu300m Legal maturity: February 9, 2016
  • Compiled by: Richard Favis RBC Capital Markets
  • Compiled by Holger Kron Deutsche Bank, Frankfurt
  • Trading in dollars surpassed all other currencies this week. The 112 trades represented a 32% market share by volume. Depfa issued more than any other borrower in dollars this week. Its biggest trade was a $100m note that reaches out to December 2009. The note pays a semi-annual coupon of 3.985% and was lead managed by ABN Amro.
  • Amount: Eu300m Rating: Fitch/Standard & Poor's
  • Mexico surprised the markets this week with a $750m re-opening of its 2031 bonds at record low yields for the sovereign. In a well executed conclusion to a year of highly successful dollar bond issues, Mexico increased the size of the transaction and priced it inside price talk. It also attracted such strong demand that the outstanding 2031s rallied in the face of the added supply.