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  • The $1.5bn bridge loan for Bumiputra-Commerce Holdings has been launched into syndication by mandated lead arrangers ABN Amro, Bank of Tokyo-Mitsubishi UFJ, Citigroup and Standard Chartered.
  • The outlook for potential Chinese high yield bond issuers took another turn for the worse this week after it was reported in the domestic media that Ba3/BB rated Chaoda Modern Agriculture, which sold a $225m five year deal in February last year, was being investigated after complaints about its product quality standards.
  • Morgan Stanley has made Haruo Nakamura and Yoshihiko Shigenari co-heads of investment banking in Japan. The two bankers, who have each been with Stanley for 17 years, will replace Jason Milazzo, who is moving to New York with the firm.
  • The six year loan for Mirant Philippines has been launched into general syndication after the deal was increased from $400m to $700m at the sub-underwriting stage.
  • The long awaited project financing for Indian oil firm Reliance Petroleum is to be launched today (Friday) by a group of 14 lead banks.
  • Siam Commercial Bank and Standard Chartered this week issued price guidance for Thai lender Siam Industrial Credit's second securitisation of car hire purchase contracts.
  • Hyflux, the water services company, signed its five year loan last week in Singapore, after increasing the deal from $100m to $138m. The two tranche loan was oversubscribed in syndication after a total of 14 lenders committed to the deal.
  • Kookmin Bank is set to mandate nine banks to arrange its $250m two and three year loan. The group of lead banks plans to syndicate the deal to a wider audience once terms have been finalised.
  • Vietnam became well known to bond investors last year when the Socialist Republic made a stunningly successful market debut, telling a compelling story of progress, growth and reform.
  • --Dennis McGill, Safety-Kleen cfo, on the company's new $350 million credit facility.
  • Calling all lacrosse players...Last week New Balance Athletic Shoe bought Brine, the lacrosse manufacturer that also makes soccer, volleyball and field hockey equipment.
  • Plastech Engineered Products made a $1 billion bid to buy the much bigger, and bankrupt, Collins & Aikman.