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  • Sole mandated arranger Standard Bank will close syndication of the $15m six month trade facility for Nurbank next week. The deal is almost fully subscribed, but there are some more commitments due in the next few days.
  • Tarun Jotwani, who used to run fixed income in Asia at Lehman Brothers, is moving to London to fill a newly created position as head of international credit markets. Lehman's Asian high yield chief, Hyung Soon Lee, replaces Jotwani as head of Asian fixed income. Lee joined Lehman Brothers a decade ago, and has been running high yield in Tokyo since 1997.
  • Rating: Aaa/AA+/AA+ Amount: Eu150m (fungible with two issues totalling Eu2.65bn launched 28/01/99 and 26/04/99)
  • Rating: AA+ (S&P) Amount: Sfr150m
  • Guarantor: Federal Republic of Germany Rating: Aaa/AAA
  • The $300m facility for Kookmin Bank has been launched into syndication by arrangers ABN Amro, Barclays Capital, Citibank/SSB, Development Bank of Singapore, HSBC, Standard Chartered and Sumitomo Mitsui Banking Corp. Lenders can either take a $150m two year loan/FRN paying a margin of 15bp over Libor, or a $150m three year loan/FRN with a margin of 23bp over Libor.
  • Rating: Aaa/AAA/AAA Amount: Sfr100m (fungible with Sfr500m issue launched 16/07/02)
  • Guarantor: Federal Republic of Germany Rating: Aaa/AAA
  • Rating: Aa2/AA-/AAA Amount: Sk1bn
  • Rating: AAA/AAA Amount: Sfr200m (fungible with Sfr300m issue launched 10/09/02)
  • The wild man at ABN Amro has left his crazy days behind him. While ABN's syndicate team drunk into the early hours in the company of EuroWeek's bond journalists on Tuesday, ABN Amro's head of MTNs, Anthony Everill, left the Great Eastern Dining Room, in London's trendy Shoreditch, early to spend some time with his three week old son. Apparently Anthony had been out partying too much and was gently reminded not to be late by Mrs Everill. The arrival of Anthony's bouncing baby boy takes his tally to two and rather than grooming the boys for a life in MTNs, Anthony told Leak that he wants them to pursue the life he always wanted - to be ski instructors in winter and windsurfers in summer. What is wrong with the 12 hour days of a banker Anthony?
  • Amount: Eu619m Rating: Moody's/Fitch