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Guarantor: Federal Republic of Germany Rating: Aaa/AAA/AAA

Citigroup/SSB, Korea Exchange Bank and Korea Development Bank have launched a $1bn acquisition financing for a special purpose company owned by Wallenius Lines, Wilhelmsen ASA, Hyundai Motor Co and Kia Motors. The loan is split between a $300m three year senior term loan/term note, a $500m-$600m six year senior term loan and a $100m annually extendible revolving credit.

Mandated arranger Deutsche Bank has closed syndication of the $30m one year facility for ATF Bank. The deal has been oversubscribed and will be increased up to $40m.

Rating: Aaa/AAA/AAA Amount: Eu1bn Öffentlicher Pfandbrief series 517

Rating: Aaa/AAA/AAA Amount: NZ$100m

Rating: Aa1/AA/AAA Amount: Eu69.150m

Rating: Aaa/AAA/AAA Amount: Sfr250m

Rating: AAA/AAA Amount: Nkr500m

Rating: Aa1/AA/AAA Amount: Eu50m

Germany's leading MTN dealers and borrowers have gone party mad. MTNer Volker Bottcher and his friends at Hypo-Vereinsbank entertained 60 of the debt capital markets' leading names at Munich's Oktoberfest. JP Morgan's head of desk, Alex Haidas, was there keeping the bank's drinking traditions alive. Leak just hopes he remembered to remove his Lederhosen before catching his flight home - standards are very high on premium economy class. And Lake Constance certainly knows how to liven up the ABCP market. The borrower invited its dealers to Stuttgart for a wine tasting and was then brave enough to let them get behind the wheels of a Porsche the next morning. Apparently it was difficult finding reverse with a sore head, but Leak can only pray that Deutsche's CP originator, Susanne Louis, did not take any driving tips from her MTN colleague, Chris Jones. He drove the wrong way up a cycle lane at the SNS driving weekend and nearly killed someone.

Lehman Brothers International Europe (LBIE) has mandated Citigroup/SSSB (bookrunner), WestLB (facility agent) and Bank of New York (securities agent) to arrange its 364 day $750m secured repurchase facility. The facility has an extension option at the borrower's discretion.

Rating: AAA (Fitch) Amount: Eu1.5bn Landesschatzanweisung series 104