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BA Asia and Hang Seng Bank have been mandated to arrange a HK$1.3bn dual tranche FRCD for Shanghai Commercial Bank. The facility is divided between a two year tranche paying a margin of 15bp and a three year portion paying 18bp. Fees are set at three tiers: co-arrangers earn 10bp for tranche 'A' and 15bp for tranche 'B' for commitments of HK$100m; co-lead managers gain 8bp for tranche 'A' and 9bp for tranche 'B' for pledges of HK$50m-HK$99m; and co-managers receive 6bp for tranches 'A' and 'B' for takes of HK$25m-HK$49m.

Household Finance boosted market confidence for the second consecutive week with a blowout $1bn 10 year global bond. The deal, led by JP Morgan, Lehman Brothers and Morgan Stanley, attracted more than $7bn orders - the biggest order book for a bond in months and a rare occurrence for a finance company this year.

Rating: A2/A- Tranche 1: $1bn

Mandated lead arrangers ABN Amro, BayernLB, HSBC and JP Morgan launched the refinancing of Imperial Tobacco's $6.615bn acquisition facility into syndication yesterday (Thursday). The deal is split into five euro denominated tranches totalling Eu2.55bn and a £400m revolver.

According to some bankers the Eu250m three year term loan for building society EBS is already fully subscribed two weeks ahead of closing. This is despite the deal's skinny pricing. A ticket of Eu25m pays fees of 18bp and the margin is 21bp over Euribor. BNP Paribas, Royal Bank of Scotland and WestLB are arranging the deal.

France Georges Bouchard, the director of strategy for Gaz de France, said this week that the state owned gas utility was planning a partial flotation next year.

Guarantor: Nomura Holdings Inc Rating: Baa1/BBB

Rating: Aa1/AAA (Moody's/Fitch) Amount: Z120m

CSFB has fully underwritten a Eu300m bridge loan to high yield issuance as part of the financing backing the secondary buy-out of Nycomed by CSFB Private Equity, Blackstone and NIB from Nordic Capital. The senior debt portion of the financing was launched to sub-underwriters last week and a bank meeting was held on Monday.

Mandated arrangers Nordea and Citigroup/SSSB this week launched a surprise late deal into the Nordic syndicated loan market. The Eu400m five year facility for pharmaceuticals company Novo Nordisk was launched into general syndication and will undoubtedly provide a welcome treat for lenders at the end of a slow year.

Bankers and investors this week had a glimpse of the bond markets in 2003, as issuers from several of the past year's worst performing sectors entered the market for opportunistic financings. From the telecoms sector, Vodafone and Deutsche Telekom launched transactions that, although large, pale in comparison to the multi-billion dollar packages of recent years. GMAC and DaimlerChrysler overcame negative sentiment towards the auto sector to raise modest amounts. And Household, boosted by its acquisition by HSBC, was able to launch a dollar bond that would have been unthinkable two weeks ago.

Bankers and investors this week had a glimpse of the bond markets in 2003, as issuers from several of the past year's worst performing sectors entered the market for opportunistic financings. From the telecoms sector, Vodafone and Deutsche Telekom launched transactions that, although large, pale in comparison to the multi-billion dollar packages of recent years. GMAC and DaimlerChrysler overcame negative sentiment towards the auto sector to raise modest amounts. And Household, boosted by its acquisition by HSBC, was able to launch a dollar bond that would have been unthinkable two weeks ago.