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Amount: ¥3.5bn Issue price: 100.00

Arranger JP Morgan has closed the $150m three year fundraising for Newmont Group Finance. Banks signing up to the deal are ABN Amro, ANZ Investment Bank, Barclays, BNP Paribas, HSBC, Royal Bank of Scotland, SG and WestLB contributing $18.75m each.

The $250m three year facility for the National Bank of Egypt will be signed today (Friday) in London. The deal has been oversubscribed and will be increased to $300m.

Rating: BBB+ (Fitch) Amount: Eu150m

The first true high yield bond from Latin America in almost 18 months is set to come to market in early June, when Mexican rail transport company TFM prices a $170m 10 year offering. Lead manager Citigroup/SSB this week started planning a roadshow and working on a syndicate for the transaction. Some bankers away from the deal say Citigroup/SSB is talking of a yield of around 12.5%, but believe that a 13.5% yield will be necessary to generate sufficient demand.

Syndication of the Eu200m four year term loan for real estate investment trust Befimmo has been closed 30% oversubscribed. Sole mandated arranger SG is working out final allocations and will sign banks into the deal in mid-June.

The European market saw one of its first synthetic structures outside the traditional asset classes of mortgages and collateralised debt obligations this week. ABN Amro priced Etoile 2002-1, a Eu200m securitisation of consumer loans from its Parisian private bank Banque OBC-Odier, Bungener, Courvoisier. "It was a very successful transaction thanks to a very strong reception to any well structured deal in the market at the moment," said James St Johnston, syndicate manager for ABS and bank capital at ABN Amro in London. "The triple-A notes were two times and the triple-Bs 1-1/2 times oversubscribed."

The UK commercial mortgage securitisation market gathered pace this week as Merrill Lynch closed a £400m securitisation for Anglo Irish Bank. Even as the deal closed, news broke of a new commercial mortgage loan conduit programme provided by Merrill Lynch for NM Rothschild's real estate finance group. Monument Securitisation (CMBS) No 2 is Anglo Irish Bank's second commercial mortgage securitisation after a £385m deal last year, also via Merrill Lynch. The bank has a strong track record for its lending activities, which target existing clients. Between 1992 and 2001 Anglo Irish Bank reported total provisions of only £241,000, according to Standard & Poor's.

UK mortgage lender Southern Pacific this week launched its fourth securitisation with a £230.64m transaction backed by first and second lien non-conforming residential mortgages. Lead managed by Barclays Capital and Lehman Brothers, the deal marked an important step in the lender's history as an issuer.