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  • Guarantor: Swire Pacific Ltd
  • You can hardly pick up the paper these days without reading about how India will dominate the world, along with China, over the next century.
  • Guarantor: Ulster Bank Ireland Limited
  • Reliance Communication Ventures, the newly listed Indian telecoms group, raised $500m on Tuesday with a controversial convertible bond issue that market participants believe is almost certain to have left Deutsche Bank holding much of the deal.
  • Rating: Baa2/BBB
  • State-owned Shanghai Prime Machinery has begun premarketing its roughly HK$1.2bn to HK$1.4bn ($155m-$180m) Hong Kong IPO, having passed its listing hearing last Thursday (March 16).
  • Hana Bank signed its ¥20bn one and two year loan on Tuesday in Hong Kong with a syndicate of 22 lenders. Banca di Roma was the last institution to join, coming as a co-arranger.
  • The Islamic Republic of Pakistan launched its largest ever international bond this week, and despite uncertain market conditions, extended its Euromarket curve from 2009 to 2036 by issuing a 10 and a 30 year bond.
  • Reliance Communication Ventures is the holding company for the telecoms assets of the Anil Dhirubhai Ambani group, a vehicle formed by businessman Anil Ambani after a division of assets with his older brother Mukesh, chairman of Reliance Industries.
  • Juhi Prasad has left Deutsche Bank's debt capital markets team and will join Lehman Brothers next month, say bankers. Prasad joined Deutsche's debt products group in Hong Kong as a vice president in 2004 and has reportedly accepted a post at Lehman in leveraged finance and high yield. Lehman declined to comment.
  • The 23 banks that have committed to the $700m project financing for MGM Grand Paradise are awaiting final terms, after syndication closed oversubscribed.
  • RB Labuan is in the market with a $36m five year loan via mandated arranger DBS Bank. The loan is being offered at 135bp over Sibor, with fees giving an annual all-in of 141bp over Sibor.