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  • Some 13 banks have joined syndication of the £30m three year facility for Kent Reliance Building Society. The deal has been closed heavily oversubscribed and banks will be signed in once final allocations have been worked out.
  • Guarantor: Kreditanstalt für Wiederaufbau Rating: Aaa/AAA/AAA
  • The arranger group for the $150m one year term loan for Hana Bank has been decided with Barclays Capital, Citigroup/SSB, Crédit Lyonnais, DBS Bank, Standard Chartered and First Union Bank winning the mandate. The facility will be available in US dollars or Hong Kong dollars. Launch will take place next week.
  • Syndication of the $100m three year facility for United Bank of Kuwait (UBK) has been closed, after being well received in the market. Mandated arrangers are HSBC and Commerzbank.
  • Rating: Aa1/AAA/AAA Amount: £100m Landesschatzanweisung series 54
  • Rating: Aa1/AA/AAA Amount: NZ$150m
  • Rating: AAA/AAA Amount: £50m Landesschatzanweisung
  • Rating: AAA (Fitch) Amount: Eu1.5bn Landesschatzanweisung series 103
  • Rating: Aa1/AA+/AAA Tranche 1: £50m
  • Rating: AA/AAA Amount: Eu500m Landesschatzanweisung
  • The syndication of the Eu40m one year bullet facility for Parex Bank is due to be closed next week. The deal is oversubscribed.
  • Salomon Smith Barney may have built up a respectable MTN trading desk with a team of trusty dealers who appear never to want to leave the bank. But when it comes to the Citigroup building, one of the tallest towers in Canary Wharf, Leak can only say "They don't build 'em like they used to." When Peter Jackson, Chris Cox and the MTN team first moved down to Canary Wharf a couple of years ago, the building, which has a centre court surrounded by glass panels up to the top floors, famously shed a few panes of glass, luckily with no casualties. And last Wednesday another sheet of glass fell from the roof, again missing any lingering bankers in the foyer below. Bankers in the building were issued with hard hats, so that they could continue to smoke in the foyer in safety. At last the MTN desk's Viking hats from the Islandsbanki Thorrablot party came in handy. There is plenty of wheeling and dealing going on in the market at the moment and not all of it is of the MTN variety. Several market moves may be imminent. JPMorgan's ex-co head of the MTN trading desk, the enigmatic Garrath Fulford, is making a reappearance, although not in the MTN market. Leak always suspected that you would not be able to keep Garrath away from the hedonistic world of banking for long.