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  • Swedish bank Svenska Handels-banken has mandated Deutsche Bank to arrange a Eu5bn EuroCP programme.
  • After a week of narrow trading ranges, dollar swap spreads edged up to 1bp wider yesterday (Thursday) morning in New York to 28bp over the new two year note, 37.5bp over five year Treasuries and 37.25bp over 10 year Treasuries. Levels proved resilient all week, despite around $7.5bn of swap-driven issuance.
  • SEB has been mandated to arrange a facility for Alfa Laval Treasury International and Alfa Laval US Treasury. The loan has two tranches: a $325m portion and a Eu150m tranche.
  • Barclays Capital, BNP Paribas and Royal Bank of Scotland consolidated their top 10 positions in table one this week, and continue to set the benchmark for year on year improvement in EuroWeek's league tables.
  • The $250m eight year ship financing mandate for Wan Hai Lines (Singapore) is tipped to be awarded to a group comprising ABN Amro, DBS Bank, First Commercial Bank, Hua Nan Commercial Bank, ING Bank and International Commercial Bank of China.
  • Telefónica is likely to seek a loan of $2bn-$3bn in the European market to support the $5.85bn acquisition of the Latin American assets of US telecoms operator Bellsouth by the Spanish operator's subsidiary, Telefónica Móviles.
  • The Russian stock market has been dominated by the oil and gas sector, but that could be about to change. Russian investors are expecting a big increase in IPOs over the next three years that will lead to a far larger and broader market. However, the Russian government still has much to do to ensure that the Russian equity capital markets fulfill their potential. Harry Wilson reports.
  • TNK-BP, the Russian oil giant, is believed to have mandated Citigroup, ING and SG for a $300m five year deal. The margin has been set at about 150bp over Libor, more than a 100bp discount to its last loan, which was signed in July 2003.