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The Region of Lazio has set up a financial repackaged programme under the issuer name of Cartesio. The Eu2bn asset-backed MTN programme was arranged by SAN.IM, which is wholly owned and controlled by the Region of Lazio. The collateral backing the notes consists of receivables payable under lease contracts arising out of a sale and leaseback transaction of properties entered into by SAN.IM and certain healthcare entities based in the Region of Lazio. Standard and Poor's has assigned an A+ preliminary credit rating to the programme.

Ajinomoto Inc has completed the rollover of its ¥15bn 364 day credit arranged by Nikko Salomon Smith Barney. Lenders include NSSB committing ¥2bn, BNP Paribas, Bayerische Landesbank, Crédit Agricole Indosuez, Crédit Lyonnais, HSBC and Lloyds lending ¥1.95bn apiece and ING taking ¥1.3bn.

Guarantor: Japan Rating: Aa1/AA-

Amount: Sfr450m Maturity: March 25, 2010

Amount: Sfr250m Maturity: March 31, 2010

Despite the weak response to the requests for proposals sent out by a number of Korean banks in the past couple of weeks, bankers say mandates are imminent. Hana Bank has gathered a group of arrangers together for its latest financing and hopes to award an official mandate next week.

Rating: Aaa Amount: Eu500m

Jamaica cancelled a planned Eu150m deal this week, after failing to drum up enough demand. "Due to current market conditions the government of Jamaica has decided to postpone its euro offering," said Alexis Plan, head of emerging market debt syndicate at Commerzbank, joint lead manager with Deutsche Bank.

Rating: Baa3/BBB-/BBB- Amount: Eu500m

Réseau Ferré de France (RFF) this week launched the first ever non-government bond linked to euro-zone inflation, a Eu800m 20 year issue via Barclays Capital, BNP Paribas, CDC IXIS and Natexis Banques Populaires. The triple-A rated EPIC (établissement public à caractère industriel et commercial) had been considering some dated inflation-linked transaction for a long time for several reasons: the average life of its assets is very long; part of its balance sheet is linked to inflation; and it would be able to exploit its credit qualities to offer a complementary issue to the French government's inflation linked debt.

Rating: Aaa/AAA/AAA Amount: Eu800m inflation linked bond