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Rating: Aa2/AA+ Amount: $100m (fungible with two issues totalling $750m launched 17/09/02 and 17/10/02)

Formosa has received bids from a number of banks for a dollar financing to fund its operations in China. A mandate will be awarded early next week. Negotiations are underway for a NT$15bn-NT$20bn project financing for Taipei Port Consortium. The consortium consists of Evergreen Marine Corp (50%), Wan Hai Lines (40%) and Yang Ming Marine Transport Corp (10%).

Rating: A2/A- Amount: Eu500m

The telecoms sector this week dominated corporate issuance with three deals for top-flight names. Their timing proved positive, benefiting from several weeks of improving market sentiment and investors seeking to beat the year end market shut down.

Guarantor: Tessenderlo Chemie SA Amount: Eu40m

Rating: B2/B/B Amount: $260m

Amount: R1bn Legal maturity: November 21, 2026

The mandate to arrange the $250m 365 day facility for Türkiye is Bankasi (Isbank) has been awarded and the deal has been launched into syndication. The arrangers are ABN Amro, American Express Bank, Bank of New York, Bank of Tokyo-Mitsubishi (joint bookrunner), Citigroup/SSSB, Commercial Bank of Kuwait, Commerzbank (joint bookrunner), Dresdner Kleinwort Wasserstein, Gulf Bank, HVB Group, Natexis Banques Populaires, Standard Chartered Bank, Sumitomo, UFJ Bank (joint bookrunner), Wachovia Bank and WestLB. Four tickets are on offer: co-arranger for a take of $10m for a fee of 105bp; lead manager for a ticket of $7.5m for 100bp; manager for a take of $5m for a fee of 97.5bp; and participant for a take of $2m for a fee of 92.5bp. The credit will pay a margin of 75bp over Libor. Proceeds will be used for pre-export finance activities.

TXU Europe Ltd went into administration this week, owing its banks an £800m fully drawn credit facility, which was led by Barclays Capital, JP Morgan and Royal Bank of Scotland. Analysts expect creditors' average recovery to be below 50%, depending on how much of the loan was drawn down by TXU Europe's subsidiaries.

Ukraine yesterday (Thursday) took the unusual step of tapping its restructured 2007 11% dollar Eurobond for $260m, just hours after its parliament voted in favour of Viktor Yanukovich as the country's new prime minister. The offering is Ukraine's first since 2000, when it was forced to restructure its debt.

Rating: A- Amount: Eu300m