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JAPAN Lehman Brothers has privately placed a ¥25bn securitisation of loans to small and medium sized enterprises originated in Osaka prefecture for Daiwa Bank.

Sinotrans launched its Hong Kong public offer yesterday (Thursday) in Singapore. China's largest transportation and logistics company is selling 1.55bn shares, of which 91% are new and 9% existing stock. Including an additional 15% greenshoe, the deal could raise up to $500m. The offering, lead managed by Credit Suisse First Boston and Bank of China International, will finish on February 13 when the stock will be listed.

Australia AMP Shopping Centre Trust launched a A$50m 2008 floating rate note through funding vehicle Quay 62 into a quiet market this week.

Wan Hai Lines and Quanta Display priced convertible bond issues this week and both enjoyed keen interest, predominantly from European funds. The deals also secured strong demand from Asian accounts and growing enthusaism from US buyers. Hi-Tech Computer was also in the market for $60m yesterday (Thursday) via UBS Warburg. Convertible bond specialists in Hong Kong believe that following the recent burst of new issues there will be another flurry of deals from Taiwanese issuers after the Chinese new year.

Woori Bank battled against political concerns over a conflict with North Korea and widening credit spreads to launch a ¥43bn three and five year Euroyen transaction this week. Even as the Korean bank was coming to market, reports were surfacing that North Korea had pulled out of the nuclear non-proliferation treaty, and South Korean government officials said that it was prepared for war as a last resort.

JP Morgan is the first bank to commit to the $6.1bn multi-tranche facility for UK based confectionery and beverage firm Cadbury Schweppes. The deal backs its $4.2bn takeover of chewing gum company Adams of the US, which is being sold by Pfizer.

Rating: A (Fitch Amount: Sk800m

European Union (EU) finance ministers at last agreed a compromise solution to the withholding tax issue on Tuesday that Euromarket officials say guarantees the future of the industry. The planned directive had at one point threatened to push business out of the EU in the same way that the Euromarket was catalysed in 1963 by the implementation of withholding tax in the US.

Arrangers ANZ Investment Bank, Bank of Scotland/BankWest and National Australia Bank have launched a $287.5m fundraising for Oswal Chemical & Fertiliser Burrup ammonia plant. The facility includes a $285m 2-1/2 year construction facility. After the construction period it converts into a two tranche facility comprising a $75m five year term loan and a $195m 10 year term loan. Additionally the facility has a $17.5m contingent debt portion that will only be drawn if required to fund a $25m debt service reserve account.

Why is Goldman Sachs suddenly attracting more attention than Madonna or Gwyneth Paltrow? Normally, Goldie is more reclusive than the late Greta Garbo, but now we can turn on our screens and see how many ladders Goldie has in her fishnet tights. What would John Weinberg and John Whitehead have said if they saw so much bare flesh being exposed? First, we received a flurry of calls from market observers after we had pointed out that a number of high rolling Goldman Sachs executives were cashing in their chips, getting off the treadmill and were doing good charitable deeds with their fabled wealth.

The Kingdom of Bahrain launched its debut Eurobond on Tuesday, avoiding growing investor concerns over a US-led war on Iraq, to build a book of nearly $1.2bn for its $500m five year bond. Turkey, which shares a border with Iraq, also completed its second offering of the year, a Eu500m five year deal that was priced last Friday via Deutsche Bank and Dresdner Kleinwort Wasserstein. This takes Turkey's borrowing this year to more than $1.25bn - roughly one third of its total requirement for 2003.

The Kingdom of Bahrain launched its debut Eurobond on Tuesday, avoiding growing investor concerns over a US-led war on Iraq, to build a book of nearly $1.2bn for its $500m five year bond. Turkey, which shares a border with Iraq, also completed its second offering of the year, a Eu500m five year deal that was priced last Friday via Deutsche Bank and Dresdner Kleinwort Wasserstein. This takes Turkey's borrowing this year to more than $1.25bn - roughly one third of its total requirement for 2003.