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  • The $91.942m three year LC facility for Korean Airlines has been completed. Co-ordinating arranger Crédit Lyonnais pledged $21.942m with arrangers Chinatrust Commercial Bank and Commerz East Asia taking $20m apiece. Co-arrangers are Emirates Bank, International Commercial Bank of China (Singapore) and Malayan Banking Bhd (Hong Kong) absorbing $10m each.
  • BankTuranAlem has approached the market again to secure a new facility. The borrower has just secured a $20m four year 'B' loan through RZB. Banks were signed into the deal in early March.
  • The $91.942m three year LC facility for Korean Airlines has been completed. Co-ordinating arranger Crédit Lyonnais pledged $21.942m with arrangers Chinatrust Commercial Bank and Commerz East Asia taking $20m apiece. Co-arrangers are Emirates Bank, International Commercial Bank of China (Singapore) and Malayan Banking Bhd (Hong Kong) absorbing $10m each.
  • Guarantor: Federal Republic of Germany Rating: Aaa/AAA
  • Rating: Aa2/AA/AAA Amount: Eu125m Landesschatzanweisung series 137 (fungible with two issues totalling Eu750m first launched 09/10/01)
  • Rating: A3/A (Moody's/Fitch) Amount: Eu200m
  • Rating: Aaa/AAA/AAA Amount: Eu340m
  • Rating: Aa1/AA/AAA Amount: Eu50m
  • Rating: Aa1/AAA (Moody's/Fitch) Amount: Eu100m (fungible with Eu300m issue launched 13/01/03)
  • Rating: Aa1/AAA Amount: Eu50m
  • With activity in the market fairly quiet over the last few days, Leak thinks it's about time people start to dust down their frocks and get their dicky-bows ready for this year's upcoming awards ceremony. Although Jimmy 'the chin' Hill looks likely to miss out on the festivities, our people across in conferences assure us that his shoes will be more than ably filled. Guests should expect to be dazzled by Euromoney's biggest dinner of the year and Leak expects to be dazzled by the outfits.
  • The attack launched on Iraq yesterday (Thursday) morning has had little impact on the European syndicated loan market. By late yesterday morning Lloyds TSB and Royal Bank of Scotland revealed that they had fully underwritten a $2.1bn acquisition facility backing Smith & Nephew's takeover of Centerpulse, while JP Morgan, with the support of six banks, said it was going ahead with the launch of Eu15.5bn of loans for Telecom Italia/Olivetti.