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Nextel Communications bank debt has been ticking up since the company filed a shelf registration on March 27 for up to $5 billion in new securities. Market players speculate that the digital mobile phone operator could be one of the seasoned issuers poised to tap the capital markets for new financing. "This shelf will provide Nextel with the means to refinance our balance sheet at the appropriate time and in the most cost-effective manner," said Paul Saleh, Nextel's cfo, during the company's conference call this week. The company's "B" piece traded as high as 98 1/4 following the call before slipping back into the 97 1/8- 97 7/8 context. Before the earnings call, the tranche was trading in the 97 - 97 1/2 range.

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Sung-Uk Hong, Director general, head of treasury and international finance

The European inflation-linked bond market has flourished as institutional accounts have allocated funds into the sector, and most analysts view France's OATis and OATeis as overvalued on a fundamental basis. But with the structural portfolio shifts set to continue, further supply is awaited. Meanwhile euro investors are witnessing the creation of what will perhaps be a benchmark euro callable market.

Successful benchmarks for the European Investment Bank, Freddie Mac and Kreditanstalt für Wiederaufbau this year have demonstrated how well their euro programmes have been accepted. But even as their issuance strategies are placing them ever closer to governments, challenges remain. The three are therefore refining their messages in a bid to overcome or take advantage of investors' latest concerns.

Min-Young Chang, Deputy general manager, international finance department

It was all going so well for South Korea. It had developed a safe-haven status, it had joint-hosted the Fifa World Cup with aplomb and its economy was performing well. But the combination of North Korea's sabre rattling, scandal in the chaebols and war with Iraq has dealt a severe blow to many of South Korea's issuers. Richard Morrow reports.

Charles Park, Chief of treasury

JJ Kim, Head of investor relations

Jung-Bon Woo, Head of finance and treasury

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