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Deutsche Bank will close syndication of the 12 month extension of the $100m one year facility from December 2001 for Kazkommertsbank next week. The deal will be signed soon afterwards. Many of the 24 existing lenders have recommitted to the extension and a number of new lenders have also joined the deal.

Guarantor: Kazkommertzbank OAO Rating: Ba2/B/BB-

Rating: Aaa/AAA Tranche 1: A$100m

Rating: Aaa Amount: Sfr300m

Rating: A3//BBB+/A- Amount: $300m

Mandated arrangers Bank of China (Seoul), ICBC Asia, JP Morgan, Landesbank Baden-Württemberg, Oversea-Chinese Banking Corp and Tokyo-Mitsubishi International (HK) launched the $150m three year loan/FRN financing for Industrial Bank of Korea on Monday. The deal pays a margin of 27.5bp and banks have been invited to join on one of two levels. Arrangers pledging $10m or more gain 22.5bp and lead managers receive 19.5bp for tickets of $5m-$9.9m.

Guarantor: Federal Republic of Germany Rating: Aaa/AAA

Rating: Aa1/AAA Amount: Eu50 Kommunalobligation Reihe 1120

Rating: Aa1/AA+/AAA Amount: Eu500m Landesschatzanweisung series 419

It really is extraordinary the lengths some people will go to avoid a hangover. The majority had to make do with chilled plastic eye patches to relieve the pain from all those B52s after Dresdner Kleinwort Wasserstein's Christmas bash on Tuesday night. But the bank's own MTN supremo, Henry Nevstad, felt the best remedy would be to not attend at all. He fled to the sunny beaches of the Caribbean. Despite positive reports on DrKW's do, Leak was sure Henry had made the right choice until his colleague Sean Park mentioned something about him being eaten by a shark.

Rating: Aaa/AAA/AAA Amount: $500m

Rating: AAA/AAA Amount: Sfr150m (fungible with Sfr500m issue first launched 10/09/02)