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Guarantor: Crown in Right of New South Wales Rating: Aaa/AAA

Rating: Aa2/AA Amount: Nkr400m (fungible with Nkr500m issue launched 06/11/02)

Mandated arrangers ABN Amro (joint bookrunners), Crédit Lyonnais (joint bookrunners), Fortis Bank, HVB Group, ING and WestLB have launched syndication of the $460m term loan for Bonny Gas Transport Limited (BGT). Funds will be used to partly finance the construction of LNG vessels. The borrower last tapped the market in December with a seven tranche $1m term loan. Proceeds were used for construction purposes.

Rating: Aa1/AAA Amount: R150m

Rating: Aa1/AAA (Moody's/Fitch) Amount: Nkr500m

Rating: Aaa/AAA Amount: $48m

Mandated arrangers DnB Markets and LB Kiel have signed banks into the Eu75m five year facility for savings bank Sandnes Sparebank. The deal was well supported and increased to Eu95m at signing. DZ Bank and Landesbank Baden-Württemberg joined as co-arrangers. Hamburgische Landesbank and Landesbank Rheinland-Pfalz joined as senior lead managers. Banca Monte dei Paschi di Siena, Bremer Landesbank Kreditanstalt Oldenburg, NordLB, Union Bank of Norway and WGZ-Bank joined as lead managers. The borrower last tapped the market in July 1998 with a Eu109.5m five year term loan. Mandated arranger was DnB Markets. The deal paid a margin of 22bp over Libor.

Rating: Aa3/A+/AA- Amount: Eu400m

Guarantor: Landesbank Hessen-Thüringen Girozentrale Rating: Aaa/AAA/AAA

Rating: A1/A Amount: Eu5bn government bond

Concerns about a looming war, rising interest rates and light bond supply for the year sent investors stampeding into the high grade dollar corporate market this week, and borrowers happily obliged with more than $20bn of new deals. Issuers as wide-ranging as triple-B Cendant Corp to heavyweights like Household Finance and DaimlerChrysler took advantage of investors' clean slates and huge cash levels at the beginning of the year.

Florens Container Corp has awarded a mandate to ABN Amro, Bank of Communications and SG Asia to arrange a $150m five year term loan. Two banks will join the arranger group before the deal is launched today (Friday).