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  • The Eu70m five year loan that DZ Bank is arranging for Lombard Leasing has raised more than Eu200m during syndication and will be closed at the start of next week.
  • Rating: A3/BBB+
  • After we nearly starved last week for lack of material, the analyst fraternity must have heard EuroWeek's growling stomach.
  • Rating: Aa3/AA-
  • The Turkish lira bond market has sprung to life this year, notching up more than $3bn of new issues so far. Unlike countries such as the Czech Republic, Greece or Poland where demand for local currency assets has waned after convergence, the appetite for Turkish lira bonds looks set to be sustained by the country's lengthy march towards EU accession and a bright future for the market lies ahead, reports Alistair Dawber.
  • Asian issuers cram into market while the going is good
  • Ford Motor Credit Co did what was thought to be impossible this week and returned to the international bond markets as a junk rated credit, to place $1.5bn of three year unsecured bonds with high grade bond investors.
  • A Eu550m three year revolving credit for General Property Trust has been launched into general syndication via National Australia Bank.
  • The auto manufacturers and auto parts firms remained the most active single name credits in the North American CDS market last month, said broker GFI this week. The five most active names were GMAC, GM, Ford Credit, Delphi and Visteon, giving a clean sweep to the auto sector the third month in a row autos have been the most active.
  • Citigroup and Commerzbank are arranging a $30m 364 day facility for International Bank of Azerbaijan. The loan will pay a margin of 200bp over Libor and senior syndication should be launched next week.
  • Guarantor: Bank of Tokyo-Mitsubishi Ltd