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  • Bridgestone Finance Europe has updated its $400 million Euro-MTN programme for the first time since 1996. The debt limit off the programme is unchanged, but the dealer panel has been considerably altered. Barclays Capital and UBS Phillips & Drew Capital Markets have been dropped as dealers. The following banks have been added: Daiwa, Merrill Lynch, Mizuho, Norinchukin and Tokyo-Mitsubishi. The issuer has recently announced two four-month yen trades to be issued on 26 June and 8 July.
  • Jamaica and Grenada launched successful bond issues this week as investors desperately sought out credits shielded from continuing Brazil-driven carnage in the Latin bond markets.
  • Jamaica and Grenada launched successful bond issues this week as investors desperately sought out credits shielded from continuing Brazil-driven carnage in the Latin bond markets.
  • HSBC and Deutsche Bank this week launched the £150m three year facility for Carphone Warehouse into syndication. At the borrower's request, information on pricing has not been released.
  • Last week we commented on the whispers that the tottering house of Credit Suisse First Boston had been offered on a platter to Bank of America. It is a shame to see the once all-conquering CSFB reduced to this, but most of their wounds were self-inflicted. Bank of America could, of course, buy CSFB with the loose change from just one of its domestic retail branches. What is the asking price of CSFB? We were thinking of offering a prize for the closest answer, but probably no one would believe the number.
  • Given Eu50m to invest in a range of fixed income asset classes, delegates at Euromoney's Global Borrowers & Investors Forum this week chose European credit as the best on offer, with 33% of the votes. European sovereigns were next, with 29%, followed by emerging market debt in third place on 19%.
  • Given Eu50m to invest in a range of fixed income asset classes, delegates at Euromoney's Global Borrowers & Investors Forum this week chose European credit as the best on offer, with 33% of the votes. European sovereigns were next, with 29%, followed by emerging market debt in third place on 19%.
  • Focus Wickes, the UK's second largest DIY retailer, launched its £416m IPO this week on the back of the strong rally in the UK retail sector this year. But European equity capital markets bankers were quick to warn that Focus should avoid the pitfalls that damaged the HMV offering in May.
  • Rating: A+ Amount: Eu300m
  • Rating: Aa2/AA-/AA Amount: Eu500m lower tier two capital
  • Rating: Aa2/AA- Amount: Eu500m
  • Rating: A2/A Amount: $1.5bn