Search results for

Rating: Aaa/AAA Amount: A$95m

Amount: Sfr100m Maturity: August 27, 2010

The $250m two year term loan for Cho Hung Bank has received an excellent reception from the market and has been successfully completed. Co-ordinating arrangers comprise ABN Amro, Crédit Lyonnais, ING and Standard Chartered lending $24m each, Development Bank of Singapore committing $23m, Natexis Banques Populaires, Landesbank Schleswig-Holstein Girozentrale and Sumitomo Mitsui Banking Corp taking $20m piece.

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

The deadline to respond to Islandsbanki's and Lands-virkjun's Discover Iceland expedition has closed but it is amazing the lengths Bill Symington and Ingvar Ragnarsson have gone to drum up interest. Anybody watching the business round-up on BBC1's breakfast news this week will have seen Declan Curry, its bespectacled analyst, standing unwittingly in front of one of Islandsbanki's infamous do-it-yourself Viking helmets. Leak wonders how the horny helmet got there but we got the message and quickly RSVPed. One dealer certain not to make the Icelandic trip is ABN Amro's new head of desk, Anthony Everill. As if the pressures of a new job were not enough, Mrs Everill is providing more stress - a second baby boy. The baby is due around the same time as the market uproots to Iceland and while the likes of Gavin Eddy mix their Brennivin with whisky, Anthony will be left mixing water with powdered milk.

Compiled by Richard FavisRBC Capital Markets, Johannesburg Tel: +27 11 784 5065

Compiled by Holger Kron Deutsche Bank, Frankfurt

Compiled by Holger Kron Deutsche Bank, Frankfurt

Trading in dollars continues its week-on-week rise. Two Australian borrowers boosted the sector's volume. ANZ Banking Group (New Zealand) issued a $100m two year note. It pays a flat coupon of three month Libor and was led by Royal Bank of Canada Europe. National Australia Bank did a three year $150m deal. Rabobank Nederland boosted issuance from the Dutch sector. It completed two $10m trades and four $15m deals. Also active from the Netherlands were ABN Amro and ING Bank. Just three trades were from financial corporates. Centauri closed a five year $5m trade which has a zero coupon. Kommunekredit issued a 10 year $10m note via Citigroup/SSB. And Links Finance Corp issued a $40m trade that matures in 2012.

SG Acceptance issued seven of the 59 trades in the euro sector this week, but its combined volume was small as all the trades totalled just Eu95m. Its smallest trade was a four year Eu3m note that pays an annual coupon of 6%. Unibail traded a Eu35m deal that matures on August 1 2005. The note pays a coupon of 34bp over three month Euribor. SG was the bookrunner on the deal. CDC IXIS Capital Markets closed a Eu34m trade and a Eu5m note. The latter deal carries a step-up coupon of 3.875% until August 2003 and is increased every August thereafter until the note settles in 2007.

Just over $1bn was issued in yen off 116 trades this week - a substantial fall on last week's numbers. Almost $400m of this was done by SPVs. The largest deal from this issuer type was traded by UBS Warburg through its entity, Sparc II. The note was for ¥15bn and closes in May 2009. It pays a semi-annual coupon of 2.75%. Merrill Lynch was particularly active with its Apollo Spires financial repackaged vehicle. The issuer closed five notes for ¥2.5bn in total.

What is happening at Cazenove, the small, but socially perfect in every way, agency brokerage house? Friends who have recently passed by the firm's offices in Tokenhouse Yard, off Moorgate, reported a definite smell of cordite in the air. Had someone been shot or were the partners simply getting in some practice for the opening of the grouse shooting season on August 12? Well, now we know. Before you could say, "What really happened to Tom Schock and Joan Beck?", the unlucky David Verey was no longer on his high perch. This leaves David Mayhew in complete control, but the firm in some disarray.