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  • Banks have until next week to send in commitments for a A$300m equivalent loan for Prime Infrastructure Finance. ANZ Investment Bank and Royal Bank of Scotland are the lead arrangers.
  • With growing competition for new property acquisitions, Nippon Building Fund hopes its relationship with one of Japan's leading property companies, Mitsui Fudosan, will keep it one step ahead of the game.
  • US borrowers took further advantage of investors' insatiable demand for high grade new issues, placing $17bn of bonds this week.
  • The dollar market for sovereign, supranational and agency bonds has come to rely on the big appetites of Asian central banks. But the interest rate uncertainty at the beginning of 2004 made them hang back, and issuers had to be quick on their feet to get deals away. US investors, however, are losing their hang-ups about buying bonds through Fannie Mae and Freddie Mac, and SSA issuers are benefitting.
  • Vimpelcom's $200m unsecured loan is still expected to be signed this year, despite concerns over claims that the Russian telecommunications company owes about $157m in taxes and penalties relating to its 2001 accounts.
  • Across the length and breadth of the Japanese debt capital markets, demand is far in excess of supply. The Japanese government still finds it easy to locate buyers of JGBs, despite its heavy issuance calendar. The corporate bond market is a continuing story of thin dealflow and shrinking spreads. The Samurai, medium term note and Uridashi markets could all absorb more deals and the offshore yen market would eagerly buy into a more diverse array of issuers, if only it could find the paper.
  • Guarantor: Westdeutsche Landesbank Girozentrale
  • UK waste management firm Waste Recycling yesterday (Thursday) brought 2004's high yield issuance to a close, pricing a £500m two tranche offering.
  • The battle between the European Commission (EC) and Landesbanks over state aid threatened to flare up again this week with a new skirmish between the EC and Germany's public sector banks.
  • Wolverhampton & Dudley Breweries has mandated Barclays to arrange the £119m loan for the acquisition of rival Burtonwood. The deal will add 460 pubs to the borrower's total portfolio of 1,675.
  • It is that time of year again, when senior Euromarket managers have to stop salivating over their imminent bonus cheques and prepare acceptance speeches for year-end awards.
  • Commitments from sub-underwriters have started to come in for the buy-out of Worldwide Directories, the yellow pages business of media company VNU. EuroWeek hears that Caja Madrid, ING and Mizuho are three banks that have made commitments.