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The South African Reserve Bank's (SARB) $1bn dual tranche loan has been launched to general syndication. SARB has assembled a 13-strong lead arranging group of Bank of Tokyo-Mitsubishi, BNP Paribas (joint bookrunner), China Construction Bank, Citigroup/SSB, Commerzbank (facility agent), Crédit Agricole Indosuez, Dresdner Kleinwort Wasserstein (joint bookrunner, documentation agent), ING, Mizuho (joint bookrunner), SMBC, Standard Bank London, UFJ and WestLB.

Mandated arranger SG has launched syndication of the $305m debt facility for beauty products group Colomer. The deal partly refinances a facility supporting the $203.707m CVC Capital Partners-led LBO of the Colomer Group from the Revlon Group in 2000. The loan will also support the acquisition of US-based company, Styling.

With the fall of Enron and the rise of investor awareness, General Electric Capital Corp has been forced to put transparency at the heart of its fundraising, a strategy made more urgent in March when Pimco’s Bill Gross launched a damaging attack on the size of its CP programme. In an exclusive interview with EuroWeek, GECC’s Kathy Cassidy and Kitty Yoh tell Danielle Robinson how they are adapting to the new corporate climate.

Mandated arrangers ING and RZB will close syndication of the Eu50m five year facility for Croatian Bank for Reconstruction and Development (HBOR) today (Friday) and the deal will be signed next week. The deal has received commitments of Eu80m.

The Republic of Estonia's much delayed debut Eu100m five year bond will be priced at the beginning of next week, ending a nine month wait for investors. Representatives from the central bank, the ministry of finance and the state treasury department end a three day European roadshow, today (Friday in Amsterdam having called at Frankfurt on Wednesday and London yesterday.

DaimlerChrysler has added four dealers to the panel off its euro10 billion ($9.39 billion) multi-currency CP programme. The dealers are ABN Amro, Bayerische Landesbank, Commerzbank and HVB Corporates and Markets. Dresdner Bank was dropped from the dealer panel.

Mandated arranger Nordea has closed syndication of the debut Eu150m 364 day facility for Nordic IT company TietoEnator. The deal was oversubscribed and an increase is expected to be accepted.

Guarantor: Deutsche Bank AG (Sydney) Rating: Aa3/AA-/AA-

Kicking off what is expected to be a busy few months for Middle Eastern borrowers, Emirates Bank has launched the marketing phase of its $200m five year floating rate note through sole lead manager Deutsche Bank. At the same time, the German bank has also won the sole mandate for Credit Libanais' three year fixed rate $50m issue off its ECD programme.

Dollar swap spreads sloshed around in a relatively narrow range this week, but ended yesterday (Thursday) at the wide end. The five year was 49.5bp mid-market while the 10 year was at 55bp - about 7.5bp outside its recent lows. Treasuries rallied strongly, as economic data continued to be weak and the equity market lurched from one poor performance to the next. Following the release of disappointing retail sales and PPI data yesterday it is unlikely that the Fed will increase rates until the end of the year. Some analysts think it may not happen until next year.

Dresdner Kleinwort Wasserstein (DrKW) has given a major boost to its emerging market debt origination efforts with the hiring of Petri Kivinen and Raymond Harte from Credit Suisse First Boston. They will be joining the German investment bank's emerging markets global debt origination (GDO) team, focusing on eastern Europe, the Middle East and Africa (EEMEA).

Eksportfinans has added JPMorgan as a dealer to its $10 billion Euro-MTN programme. The dealer panel already had 10 names on it but JPMorgan has placed eight trades for the issuer in the past 12 months, all for small amounts in yen and going out between 10 and 21 years.