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  • There was only one story in the European default market this week: Parmalat. Activity in the Italian credit's paper, both in the cash market and in the default market, was frenetic.
  • Rating: Aa1/AA/AAA
  • Well then marketeers, just how many of you have rolled into work this week bleary eyed and wishing the day was done before it started?
  • Rating: A3/A-
  • Syndication pros left their offices yesterday (Thursday) for the annual SEB bash, raising their glasses and toasting the end of the year in song. “I’ve been studiously memorising my song book,” says Silver, mildly intimidated by the prospect of solo karaoke, Mizuho-style.
  • Rating: BBB
  • PSC-Naval Dockyard’s Eu35.5m financing has been completed by mandated arrangers Natexis Banques Populaires, SG Asia and Sumitomo Mitsui Banking Corp.
  • Compiled by Richard Favis
  • Dollar volumes have fallen away over the past seven days. Just $1.8bn was issued in the currency from 129 notes.
  • Although euro volumes dropped this week, the currency continues to prove popular. Nearly $4.4bn was issued from 112 notes, a 49% share of the market.
  • Despite the majority of active borrowers having hit their funding targets for 2003, volumes continue to hold up in the EuroMTN market as issuers take advantage of the opportunistic funding available.
  • Rating: Aa2/AA