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EuroWeek has learnt that Barclays and HSBC have quietly launched a £650m five year facility for tobacco company Gallaher Group plc into syndication. The deal partly refinances a Eu1.3bn dual tranche facility which was signed in 2001. Along with Barclays and HSBC, Dresdner Kleinwort Wasserstein and Goldman Sachs Credit Partners LP were mandated arrangers and bookrunners of the facility.

Rating: Aa3/AAA Amount: Eu2bn

Rating: Aaa/AAA/AAA Amount: Sfr400m (increased 31/01/03 from Sfr300m)

Rating: BBB+ (S&P) Amount: Eu500m

Rating: Aaa/AAA Amount: £200m

Rating: Aaa/AAA Amount: £28m (fungible with £150m issue launched 02/09/02)

The 'B' tranche of the $1.5bn refinancing for Fresenius looks set to close oversubscribed in syndication. Bank of America, CSFB and Dresdner Kleinwort Wasserstein are arranging the debt.

The Brazilian government's treasury department this week issued its financing wishlist for 2003, which includes hopes of returning to the international markets for $4bn this year. After almost a year of being shut out of the international markets, the new administration of president Luis Lula believes capital market reception might improve enough to issue global bonds as early as the first quarter.

Private corporate issuance continued its impressive start to the year as the new month opened. Over $1.2bn was issued from 22 trades. The auto industry sector was the busiest, issuing 10 trades for $470m. Volkswagen found opportunities in yen. The largest of its three transactions was for ¥4bn and was led by Deutsche Bank. The note pays a coupon of 28bp over three month Libor and has a five year tenor.

Volume was highest between one and three years this week. Over $2.8bn was issued from 54 trades. The dollar was the most popular currency in this maturity range with 18 notes issued for $750m. The Kingdom of Sweden was among the most active dollar issuers with two $100m transactions closed. One of the notes, which was led by UBS Warburg, matures in November 2005 and pays an annual coupon of 2.375%. The note is fungible 40 days from the payment date with two issues, totalling $1.15bn, which were launched in October and December last year.

Volume was highest between one and three years this week. Over $2.8bn was issued from 54 trades. The dollar was the most popular currency in this maturity range with 18 notes issued for $750m. The Kingdom of Sweden was among the most active dollar issuers with two $100m transactions closed. One of the notes, which was led by UBS Warburg, matures in November 2005 and pays an annual coupon of 2.375%. The note is fungible 40 days from the payment date with two issues, totalling $1.15bn, which were launched in October and December last year.

Volume was highest between one and three years this week. Over $2.8bn was issued from 54 trades. The dollar was the most popular currency in this maturity range with 18 notes issued for $750m. The Kingdom of Sweden was among the most active dollar issuers with two $100m transactions closed. One of the notes, which was led by UBS Warburg, matures in November 2005 and pays an annual coupon of 2.375%. The note is fungible 40 days from the payment date with two issues, totalling $1.15bn, which were launched in October and December last year.