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  • This week's market was overcast by the woes of the automotive sector after Standard & Poor's placed Ford's BBB rating on negative watch and downgraded DaimlerChrysler to BBB.
  • Rating: A1/A+/A+
  • The Eu54m debt facility supporting the buy-out of French retirement community DomusVi by Barclays Private Equity was signed last week.
  • HBOS entered the non-core dollar bond market for the first time yesterday (Thursday) with a dual tranche Canadian dollar offering led by RBC.
  • Hays has reduced its £300m five year facility to £275m and closed syndication with a small oversubscription.
  • Guarantor: Bank of Scotland
  • Tranche 1: $750m lower tier two capital
  • Heineken launched the euro market's largest unrated bond this week with a spectacular two tranche Eu1.1bn debut transaction.
  • Tranche 1: Eu500m
  • Munich Re, the world's largest reinsurer, increased its Eu3.8bn rights issue to Eu3.97bn after European markets closed yesterday (Thursday), suggesting a strong response to the offering.
  • Munich Re, the world's largest reinsurer, increased its Eu3.8bn rights issue to Eu3.97bn after European markets closed yesterday (Thursday), suggesting a strong response to the offering.
  • Bankers expect First National Bank of Namibia's $35m one year term loan, launched yesterday (Thursday), to receive a good reception from lenders.