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RAMS Home Loans Pty Ltd this week priced its latest securitisation of Australian mortgages via lead manager Citigroup/SSB. RMS Trust 2002-1 offered investors A$1.2bn of notes. "The deal was oversubscribed," said a syndicate official at Citigroup/SSB. "The senior notes were well distributed among local fund managers, banks and a few conduits."

After a delay of three working days, Southern Cross Airports Corp managed to complete its A$1.5bn multi-tranche issue this week. But to get it away, the consortium was forced to drop a seven year tranche and provide spreads at the wide end of the pricing ranges. The issue's success is a welcome relief to the consortium, which has to refinance a bridge loan that was used to help purchase Sydney Airport in June.

Confusion reigned in Thailand when newly appointed transport minister Suriya Jungrungreangkit indicated that the Airports of Thailand privatisation might be postponed, and TOT Corp released a wide pre-filing price range for an IPO that will most probably not take place until 2003. As Merrill Lynch and its Thai operation, Merrill Lynch Phatra, prepare the renamed Airports of Thailand for listing, Jungrungreangkit told the local press that valuations may not be attractive enough to proceed with the float. A decision on the sale of 30% of the company, which could raise over $300m, will be made later this month

China The 16.8bn share IPO for China Telecom in Hong Kong and New York IPO has a new timetable, which should mean roadshows begin on Monday. The investor presentations have been delayed a week due to a technicality. Pricing will also take place a week later, on October 30 New York time.

UBS Warburg braved a volatile market last Friday to price a $500m credit card receivables ABS for Korea's Woori Credit Card Co (Woori Card). The Euro/144A issue was the firm's first offshore securitisation. "The market is absolutely terrible at the moment," said Anthony Cutcliffe, head of structured debt capital markets at UBS Warburg in Hong Kong.

Rating: A3 (expected rating)/AA Amount: Sfr500m iBoxx40 series one

Chartered Semiconductor's minority shareholders dealt a telling blow this week when it emerged that they had taken only 4% of the company's $1.11bn eight-for-10 deep discount rights issue. While controlling shareholder Singapore Technologies fulfilled its promise of taking 60.5% of the offer, the disastrous take-up by minority shareholders means that Merrill Lynch, which had underwritten the 39.5% minorities issue, has by default become the firm's second largest shareholder.

Amount: Eu1.53bn Legal maturity: September 15, 2008

William Galvin, secretary of the Commonwealth of Massachusetts, announced this week that he had uncovered damning evidence linking Credit Suisse First Boston to the publishing of misleading research reports in return for investment banking business. A spokesman for Galvin confirmed that all of the materials relating to the latest set of allegations have been turned over the New York attorney-general, Eliot Spitzer.

Rating: Aaa/AAA/AAA Amount: £50m (fungible with two issues totalling £300m launched 15/02/02 and 01/07/02)

Mandated arranger Deutsche Bank has launched syndication of the $200m five year pre-export finance term loan for Tyumen Oil Company (TNK). Kreditanstalt für Wiederaufbau (KfW) is an arranger and underwriter.

Nikko Salomon Smith Barney Finance (NSSB) has put its name to a $1.5bn EuroMTN programme. Citigroup/SSSB is the arranger and sole dealer on the facility. The proceeds will be used as working capital at NSSB and CFO Toshiaki Kawashima, told EuroWeek: "This EuroMTN programme is a first for us and demonstrates our long term commitment to the Japanese and global financial markets, as well as a willingness to access the markets to strategically build our business."