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  • Mandated lead arrangers BNP Paribas, Bank Austria, JP Morgan and the EBRD have signed a debut $35m facility for TES Media. The facility is divided into two tranches.
  • Mandated arranger RZB is waiting for one last bank to join the Eu20m five year facility for Roskilde Bank before syndication closes today (Friday). Signing is planned for the end of September.
  • Rating: Aaa/AAA/AAA Amount: NZ$100m Obligations foncières
  • This month bankers had expected to see voluminous new issuance in the dollar swap market, with consequent contraction in spread levels. In fact, the first week of the new month proved largely uneventful in this department, and swap spreads climbed gradually during the week. By the close of trading in New York yesterday (Thursday), the two year swap spread was at 34bp, the five year was at 55bp and the 10 year was at 54.75bp. Five and 10 year prices are around 2.5bp wider than a week ago.
  • One year on and the EuroMTN market is still feeling the effects of September 11. Corporate MTN issuance has been a scarce commodity, but triple-A borrowers are flocking to the market to take advantage of the investor flight to quality. In the month after last year's attack triple-B issuance fell to $2.45bn - its lowest level for two years - but in August this year volumes barely reached $1.8m.
  • Rating: Aaa/AAA Amount: $120m
  • Rating: Aaa/AAA Amount: Eu100m
  • Rating: Aaa/AAA Amount: £150m (fungible with six issues totalling £1.05bn first launched 14/12/00)
  • Rating: Aaa/AAA Amount: £100m (fungible with nine issues totalling £1.45bn first launched 09/01/96)
  • Compiled by Stephanie Weedon, HSBC Bank plc, London Tel: +44 20 7336 3525
  • Joint mandated arrangers Commerzbank and Nordea will decide final allocations for the Eu125m facility for chemicals and plastics supplier Uponor next week. Banks will be signed into the loan on September 15.
  • Amount: Eu2.5bn Credit default swap: Eu2.38bn