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SG Corporate and Investment Bank has announced plans to establish a leveraged finance group in the US which will aim to emulate its leveraged finance franchise in Europe.

A S$57m facility for Eunos Link Technology Park was signed on Tuesday. Citigroup arranged the financing.

Paper company Sappi has signed its Eu600m revolving credit facility through mandated lead arrangers BNP Paribas, JP Morgan and SG CIB, EuroWeek hears.

Hana Bank's $200m one and two year fundraising is to reach financial close shortly. Bank of America, BNP Paribas, Barclays Capital, Calyon, Commerzbank, DBS Bank, HSH Nordbank and Sumitomo Mitsui Banking Corp are leading the deal.

Final bids are due shortly on the potential buy-out of Spanish telecommunications company Auna. Offers for the fixed line business are due next week and bids for the wireless division are due the following week. The two bidding groups remaining consist of a consortium of Blackstone, Carlyle, Providence, Permira and Ono and a group of BC Partners, Goldman Sachs Private Equity and Kohlberg, Kravis, Roberts. The first group is backed by BNP Paribas, Deutsche Bank, Lehman Brothers and Morgan Stanley and the second by Citigroup. Goldman Sachs and Morgan Stanley.

Euroweek hears that BBVA and SCH are arranging a Eu400m deal for Spanish retailer Eroski. The loan will refinance the borrower's existing debt.

The European ABS market absorbed a minor shock this week, after one of the market's flagship issuers unexpectedly announced that it would be drawing on reserve funds in two of its securitisations.

Standard Bank (London) is close to mandating 17 relationship banks to arrange its $400m facility.

Hynix Semiconductor's long awaited high yield bond has raised $500m — enough money for it to graduate from the Creditors Restructuring Promotion Act (South Korea's equivalent of Chapter 11 bankruptcy) and to make it the biggest Asian high yield deal of the year.

The timing of the launch of the secondary buy-out of production logistics company Flexlink has not yet been set, but the syndication will be limited to a select group of banks.

Deutsche Bank managed to sustain its lead at the top of table two this week, though it is still over $1bn adrift of Citigroup at the top of table one.

The NT$10bn three year dual tranche credit for AIG Credit Card Co (Taiwan) was launched into general syndication on Tuesday. Bank of Taiwan, BNP Paribas, Calyon, Chang Hwa Commercial Bank and Standard Chartered Bank are the mandated lead arrangers.