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  • This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.
  • --Jeff Lawrence, Iron Mountain's treasurer, on addressing upcoming debt maturities.
  • Convertible bond investors could be offered several large European deals in the next few months. Observers of the market are predicting at least two issues of over Eu2bn, and possibly a transaction to rival KfW's Eu5bn Deutsche Telekom exchangeable last July.
  • Dutch banking group ABN Amro yesterday (Thursday) sold its entire 4.9% stake in Bank Austria through an accelerated bookbuild, raising Eu323.4m.
  • Guarantor: ABN Amro Holding NV
  • The flags are flying high in Amsterdam, the supermarkets are offering two bottles of Boles Gin for the price of one and those charming young ladies who sit by the canals, are holding a happy hour every day for tired businessmen before they go home.
  • Facilities supporting the buy-out of health and beauty company Accantia were launched into syndication Tuesday via mandated lead arranger Bank of Scotland.
  • Syndication of the Eu82.675m in loans that have recapitalised Alcontrol Laboratories has closed via sole mandated lead arranger Dresdner Kleinwort Wasserstein.
  • Barclays Capital, UBS and Merrill Lynch have taken on the unenviable job of advising the Argentine government on restructuring $94bn of defaulted debt, a mandate that will entangle them in the Argentine government's convoluted political dealings with the IMF, the G7, and thousands of angry bondholders.
  • The earnings announced this week from Deutsche Bank, made some rival Euromarket houses gulp or pour a large shot of cognac into their first cup of coffee. Pre-tax earnings in the corporate and investment bank soared from Eu800m to Eu3.5bn, due to lower risk provisions and continued cost-cutting. Revenue from equities, equity-related products and equity derivatives advanced 25% to Eu3.1bn, which confirms that Deutsche Bank has now arrived on the centre stage to compete directly with equities powerhouses such as Merrill Lynch and UBS.
  • General syndication of the A$1.1bn three and five year fundraising for TXU Australia should close in the coming week. Australia & New Zealand Banking Group, Citigroup, Commonwealth Bank of Australia and Westpac are arranging the deal.