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  • The jumbo Pfandbrief market's much-vaunted liquidity proved unreliable this week, when banks abandoned their commitments to make markets in Allgemeine HypothekenBank Rheinboden issues, fearing the mortgage bank could be liquidated.
  • HSH Nordbank, RZB and Standard Bank have been mandated to arrange a debut $100m three year loan for International Banking Corp, EuroWeek hears.
  • The jumbo Pfandbrief market's much-vaunted liquidity proved unreliable this week, when banks abandoned their commitments to make markets in Allgemeine HypothekenBank Rheinboden issues, fearing the mortgage bank could be liquidated.
  • MHM has mandated HVB and Dresdner Kleinwort Wasserstein to arrange a Eu270m facility for the acquisition of a majority stake in Indian-based ink company Micro Inks. The deal has been fully underwritten by the two banks and is split into a term loan and a revolver.
  • The European Bank for Reconstruction and Development has signed a Eu13.7m loan for SZAO OMA Real Estate.
  • Supply in the cédulas market will be higher than any other covered bond segment this year. With such size comes the pressure to perform, but in 2005 Spanish banks have shown themselves more than ready for the challenge through market-friendly and flexible transactions.
  • German car manufacturer BMW set a new pricing standard for itself this week in the loan market when it awarded Barclays, Deutsche Bank, JP Morgan and SG CIB the mandate to arrange an $8bn seven year revolving credit facility at 15bp over Libor.
  • Carnegie and UBS's Nkr4.22bn ($656m) Oslo IPO of shipping company Bergesen Worldwide Gas performed poorly this week despite achieving a 2.3 times oversubscription after pricing close to the bottom of the range.
  • Investors had their first chance to look at the forthcoming IPO of reality television company Endemol this week. Merrill Lynch is lead bookrunner and ABN Amro, Credit Suisse First Boston and JP Morgan are joint bookrunners.
  • German car manufacturer BMW set a new pricing standard for itself this week in the loan market when it awarded Barclays, Deutsche Bank, JP Morgan and SG CIB the mandate to arrange an $8bn seven year revolving credit facility at 15bp over Libor.