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  • Metropolitan Waterworks & Sewerage Systems has awarded the mandate of a $30m one year loan to Keppel IVI Investments.
  • Syndication of the project financing for PKN's new plastics plant will not be launched until mid to late October. Mandated lead arrangers Bank of Tokyo-Mitsubishi, KBC and SG CIB are bringing a 12 year Eu380m facility consisting of a Eu30m bridge loan and a Eu350m project financing and working capital facility.
  • Poland will redeem the entire remaining principal amount outstanding of its DCB Brady bonds, worth $393m, at the end of October.
  • Rating: A2
  • Amount: $350m, Eu355m and A$26.5m
  • Global debt volume soared 26% to a record $3.84tr in the first nine months of this year and gross fees to underwriters were the largest in more than 10 years, according to Dealogic.
  • Qatar issued a $700m seven year Islamic sukuk (leasing) bond this week - the largest and longest public transaction of its type so far.
  • WestLB this week brought the first international securitisation from Kazakhstan, a deal securitising diversified payment rights for Halyk Bank, Kazakstan's third largest bank.
  • Spreads held firm in Dutch prime MBS this week as two issuers came to market with over Eu2bn of paper. The deals were heavily oversubscribed, despite the promise of a full European MBS pipeline in the coming months.
  • Home Credit Finance, the Czech Republic's second largest consumer finance company, and a member of the PPF Group, a Czech financial services group, this week completed what bankers claim is the country's first rated securitisation, though few details have been released.
  • Iccrea Holding, the central bank for Italy's co-operative network, this week fulfilled its promise to return to the MBS market with a Eu282m securitisation for nine banks in northern Italy via SG.
  • UK property group British Land Co plc this week completed its £75m tap of Werretown Supermarkets Securitisations plc, a £575m deal launched in June 2001, which was backed by the 35 supermarkets it leases to J. Sainsbury plc. UBS led both deals.