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  • Rating: Aa3/A+
  • HBOS will today (Friday) price the first ever subordinated transaction to be launched in the public Euroyen market, offering investors an opportunity to triple the yield available on Japanese government bonds (JGBs).
  • When Richard Johnson retired from UBS Warburg earlier this year (see profile in Personalities of the 1990s), Henrik Raber was not universally expected to replace him as head of the London syndicate.
  • Michel de Carvalho and Charlie McVeigh have seen market legends come and go, the arrival of the new technology and the erosion of old-style values. Here is their overview of a changing industry.
  • The Hellenic Republic is set to establish a Eu5bn EuroCP facility in the coming months. Credit Suisse First Boston is arranging the programme, which is still in documentation.
  • Is there a more senior woman in the European or even global debt capital markets than Deutsche Bank's Hope Pascucci? If there is EuroWeek would like to meet her. With Pascucci taking on the role of head of European debt capital markets on top of her existing responsibility of global head of syndicate, she now has the very real chance of becoming a member of Deutsche's executive committee.
  • BNP Paribas, China Merchants Bank, HSBC and ICBC Asia have won the mandate to arrange a $193m 10 year term loan for an SPV of Cosco (Hong Kong).
  • Guarantor: Iberdrola SA
  • State Bank has won the mandate for a $50m five year term loan for Grasim Industries, a subsidiary of the Aditya Birla Group.
  • Rating: A1/AA-/AA-
  • With the Eurobond markets turning 40 in July, there has been much reminiscing (much of it by this newspaper) about the first four decades of the market - the great mould-breaking deals, the ebullient characters and the dominant houses.
  • It was in the 1980s that the Euromarket we know and recognise today began to take shape. The decade began in typically innovative style, with the first bought deal, and ended with the law and order-restoring fixed price re-offer.