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The mandate to arrange the $25m six month facility for Kazakhstan Development Bank is due to be awarded in the next two weeks. Banks understood to be close to the deal are Bank Austria, ABN Amro, Citigroup/SSB, Deutsche Bank and ING.

Rating: Aa1/AA+/AA- Amount: Eu2bn

LG Electronics is tapping the market for a $200m three year FRN facility through arrangers Citigroup/SSB and Korea Development Bank. The deal will be launched to sub-underwriters today (Friday) after which general syndication will be conducted. All of the bidders for the $150m equivalent credit for KorAm Bank have been invited to form a club by the borrower.

The weighting of South Korea in global emerging market equity funds has almost doubled since the beginning of 2001, according to eMergingPortfolio.com Fund Research data, making it one of the most money magnetic countries in the emerging market universe. For the 11th consecutive month, Korea has had the highest average percentage allocation of all Asian countries within the global emerging market (GEM) equity funds that are being tracked, representing a total of $41bn in assets.

Guarantor: Federal Republic of Germany Rating: Aaa/AAA/AAA

The $100m three year bullet facility for United Bank of Kuwait (UBK) has been launched into the market by lead arrangers HSBC and Commerzbank which are fully underwriting the deal. The loan is for general corporate purposes and pays a margin of 35bp over Libor. Invitations have been sent out and the response from the market has been favorable.

Rating: Aa2/AA Amount: Eu1bn Landesschatzanweisung series 138

Parex Bank's Eu40m one year bullet facility has been launched into general syndication by joint arrangers ING and Standard Bank. The credit pays a margin of 100bp over Libor and has a one year term out option.

Rating: Aa1/AAA (Moody's/Fitch) Amount: Sfr200m

Amount: Eu100m Maturity: May 6, 2005

The market has been on the run this week. Not least of all Royal Bank of Scotland's MTN issuer Nigel Owen who ran the London Marathon last Sunday. He managed to finish the race, but not before several comedy runners dressed up as chickens and scuba divers. One week later poor little Nigel is still hobbling around the office. And Merrill Lynch's head of Euro-MTN trading Anthony Everill has done a runner too... out of the Merrill Lynch offices and over to head up the MTN desk at ABN Amro. Rachel King left the seat empty at the start of this year. But Anthony isn't breaking any moulds by leaving the Merrill Lynch mob. The desk is a record breaker in terms of staff turnover and Leak wonders how long it will be before the whole desk is tempted away by another bank's salary. One issuer who won't be going very far is Citibank Credit Structures's Sean Murphy. He was the lucky winner of the glider flight in the raffle at the ECPA and MTNWeek awards dinner last week. But Sean has not yet stepped forward to claim his flight. He could be scared of flying. Or, perhaps more likely, Sean has been too busy choosing the colour scheme for his shirt and tie for the next conference discussion panel. Please don't choose pink and red next time...

Sole mandated lead arranger BNP Paribas this week launched the $1bn 364 day revolving credit facility for Clearstream Banking into senior syndication. Co-arrangers have been invited to join for a take and hold ticket of $35m for 1bp flat.