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  • Finansbank has become the first Turkish financial institution to venture beyond a one year tenor in the unsecured loan market, by mandating Citigroup, Gulf International Bank and WestLB to arrange a $200m loan that includes a $100m two year tranche.
  • Bumiputra-Commerce Bank, Malaysia's second largest bank by assets, is to become the first borrower from the country to establish a EuroMTN programme.
  • EGYPT
  • Bankers say that BNP Paribas has been awarded the mandate to arrange a $200m project finance facility for oil company Addex Nigeria.
  • The Nkr750m facility for power company Bergenshalvcens Kommunale Kraftselskap (BKK) has been signed with an increased size of Nkr800m via mandated lead arranger SEB.
  • Nova Ljubljanska banka's Eu400m five year loan is set to be arranged on a club basis, bankers say, with between 10 and 12 lenders still in the frame after the first round of bidding.
  • Oman-India Fertiliser Company, or Omifco, has repriced the $322.7m 11-1/2 year commercial debt of the $677m project finance facility it signed in July 2002.
  • Pemex gave notice to investors this week that it must raise another $3.5bn of debt locally and internationally this year.
  • Fund manager Allianz Global Investors said this week that it expects the western European pension market to more than double in size in the next 10 years.
  • After March's record falls in hedge fund returns investors asked themselves whether things could get any worse. The answer they received at the end of April was a resounding 'yes'.
  • Brazil is being urged to hit the international bond markets as soon as possible to take advantage of an emerging market debt sector primed for new deals.