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Mandated arrangers Citigroup/SSSB and Nordea have signed banks into the Eu400m five year revolver for Novo Nordisk. The facility was oversubscribed and increased to Eu500m on signing. ABN Amro, Bank of Tokyo-Mitsubishi, Barclays Bank, Commerzbank, Danske Bank, Deutsche Bank, HSBC, ING, JP Morgan, RBS and Sanpaolo-IMI Bank Ireland joined as arrangers. BBVA, NyKredit Bank and SEB Merchant Banking joined as co-arrangers. The deal pays a margin of 30bp over Libor and offers an upfront fee of 12.5bp for arrangers and 10bp for co-arrangers.

Rating: Aaa/AAA/AAA Amount: Eu4bn

Rating: Aa3/A/A+ Amount: $500m

Depfa ACS, the Irish subsidiary of Depfa Bank, reinforced its market position this week with the first ever issue in the Irish covered bond market.

Deutsche Bank proved its power as a lending institution this week as it stormed up from eighth position in Dealogic's league table of top mandated arrangers of Euromarket loans to second place. Deutsche Bank's sole mandate to arrange a six month $3.2bn loan for Euroclear Bank is what boosted the German bank upwards.

Depfa ACS, the Irish subsidiary of Depfa Bank, reinforced its market position this week with the first ever issue in the Irish covered bond market.

Rating: Aaa/AAA/AAA Amount: Eu250m obligations foncières (fungible with Eu1bn issue launched 13/02/03)

Guarantor: Japan Rating: Aa1/AA-

Amount: Sfr50m Maturity: March 12, 2012

ABN Amro has turned to an old hand to fill the long-vacant position of head of Asian debt syndicate, hiring Herman van den Wall Bake for the Singapore-based job. Van den Wall Bake was head of emerging markets debt syndicate for North and South America between 1998 and 2000, but he left to pursue an MBA.

A Eu3.1bn emergency loan package for Ahold was put in place last weekend, just hours before the food retailer group announced accounting irregularities and a $500m shortfall in operating earnings.

ABN Amro has turned to an old hand to fill the long-vacant position of head of Asian debt syndicate, hiring Herman van den Wall Bake for the Singapore-based job. Van den Wall Bake was head of emerging markets debt syndicate for North and South America between 1998 and 2000, but he left to pursue an MBA.