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Amount: ¥89.2bn Legal maturity: July 15, 2033

Mandated arrangers BayernLB, DZ Bank, Nordea and Sumitomo have launched the Eu200m three year multi-currency term loan for Bunadarbanki Islands into syndication. The deal pays a margin of 35bp. Arrangers have been invited for takes of Eu15m for an upfront fee of 20bp.

Presentations are to take place in Singapore for a $75m five year term loan for Indian Railway Finance Corp arranged by Barclays and HSBC. Banks will receive a margin of 70bp over Libor. Fees to the market are set at three levels, with arrangers lending $10m or more receiving 85bp, co-arrangers taking $5m-$9m earning 80bp, and lead managers committing $3m-$4m gaining 75bp.

Richard Johnson, global head of debt syndicate at UBS Warburg, has retired from investment banking at the age of 39, depriving the business of one of its most respected operators.

Richard Johnson, global head of debt syndicate at UBS Warburg, has retired from investment banking at the age of 39, depriving the business of one of its most respected operators.

A request for proposals came this week from Nurbank which is looking for a term loan of up to Eu30m with a 12 month tenor. The deal will carry a 12 month extension option. Proceeds will be used for trade finance purposes. The borrower last tapped the market in October 2002 with a $15m six month bullet facility. Mandated arranger was Standard Bank. That deal paid a margin of 325bp over Libor.

Amount: ¥14.6bn Legal maturity: November 2010

Rating: Aaa/AAA/AAA Amount: C$100m (fungible with C$100m issue launched 07/01/03)

A $180m fundraising for Hana Bank has been launched by Barclays Capital, Bayerische Landesbank, Citigroup/SSB, Development Bank of Singapore, Landesbank Kiel, Standard Chartered, Sumitomo Mitsui Banking Corp and Wachovia Bank. The facility is divided into one, two and three year tranches with banks earning margins of 15bp, 23bp and 33bp, respectively. Tranche sizes will be determined by demand.

Rating: Ba1/BB/BBB- Amount: $375m upper tier two debt

The UK non-conforming ABS market saw its first test of the year as two regular issuers, Southern Pacific Mortgage Lenders and GMAC returned to the market, issuing around £1.35bn equivalent of bonds. As well as setting the tone for upcoming issues such as Kensington Mortgages RMS 14, which began marketing this week via Barclays Capital and Morgan Stanley, the deals also tested investor appetite for Ambac risk - the monoline wrapping both issues.

Morgan Stanley made a successful return to its EloC commercial mortgage programme this week, with a Eu340m securitisation of a single property in Paris called Zeus, which was closed oversubscribed. The deal's early marketing was dogged by a report from the trustee on a previous EloC deal, HOTELoC revealing a potential mistransfer of funds to and from an agency account within the deal's structure. That issue was immediately placed on review for possible downgrade and RatingWatch negative by Moody's and Standard & Poor's respectively.