Search results for

* Deutsche Finance (Netherlands) BV Guarantor: Deutsche Bank AG

Thirty-seven deals were closed in other currencies and activity in Hong Kong dollar dominated proceedings. Twenty-three deals were issued in Hong Kong dollar but trades were driven by the financials. HSBC closed four HK$80 million ($10.26 million) notes and KBC Financial Products closed seven HK$15 million trades that go out to March and April 2002. Rabobank Nederland went out much longer with its NZ$50 million four-year note ($21.17 million) that pays a coupon of 6.25%. The note was led by RBC Capital Markets and was issued at a price of 100.1375%. NIB Capital Bank issued the day's only Norwegian krone offering: a Nkr400 million ($44.81 million) MTN that matures in February 2007. The note was led by KBC International and pays a coupon of 6.5%. Four issues came in sterling and the largest came from Landesbank Rheinland-Pfalz: a £

Deals in other currencies slumped on yesterday's figures. Only 17 trades were closed in the market - less than half of those issued on Monday. Again it was issuance in Hong Kong dollar that saw the most activity. HSBC (Netherlands) self-led six HK$80 million ($10.26 million) MTNs that go out to March and April this year. Royal Bank of Scotland saw opportunities at the longer-end and issued a HK$120 million note that matures on January 24 2004. The deal pays a coupon of 2.48% in the first year and then pays 3m Hibor +5bps, which is capped at 5.75% and floored at 2.75%. HSBC led the trade. One deal came in South African rand: a R100 million ($8.72 million) MTN from Rabobank that goes out to August 2010. The deal pays a coupon of 10% and was issued at a price of 92.355%. TD Securities and Rabobank led the note. Two trades were issued in sterling. The largest was a £

Trading picked up a little today. Twenty-four trades were closed in other currencies with more than two-thirds coming in Hong Kong dollar. HSBC (Netherlands) was again particularly busy in the currency. It self-led seven HK$80 million ($10.26 million) MTNs that go out to March and April this year and one that goes out to January next year. Credit Agricole Indosuez also self-led an HK$3 million note that goes out two months. Bayerische Landesbank (London) closed the largest Hong Kong dollar trade of the day: an HK$200 million FRN that goes out to February 2007 and will be issued on February 1 2002. Exportfinans closed the only South African rand trade of the day: a R100 million ($8.73 million) three-year note that pays a coupon of 10% and was issued at a price of 97.355%. The trade was led by TD Securities and will hit the market on January 31 2002. Development Bank of Singapore went for eight trades in Singapore dollar. The largest was a S$21.87 million ($11.92 million) offer. All of the notes go out to either March or May this year. And the day's only sterling trade was a £

Hungarian forint made a good showing in other currencies today. Two deals were closed with outstandings of $53.20 million. Volkswagen International Finance closed the largest of the two trades: a Ft10 billion 2005 ($35.46 million) trade that pays a coupon of 7% and was issued at a price of 99.925%. TD Securities led the deal. The other trade came from European Investment Bank. The Ft5 billion offer goes out to February 2003 and was led by Caboto-Gruppo. The MTN offers a coupon of 7.5% and will be issued on February 19 2002. The largest of the day's volumes came in sterling. Spintab issued two deals: the largest was a £

Twenty-five deals were closed in other currencies. And again the majority of deals were done in Hong Kong dollar. HSBC (Netherlands) continued its run in the currency and self-led five HK$80 million ($10.26 million) MTNs that go out to March this year. Credit Agricole Indosuez also self-led four deals that go out to March this year. The largest trade was a HK$15 million note and the smallest was a HK$5 million offer. Three deals were closed in sterling. AIG SunAmerica did the largest: a £

Sterling was responsible for the largest volumes in other currencies. Just over £

Pemex, the state owned Mexican oil concern, will today (Friday) attempt to issue a $1.5bn 144a dual tranche offering, one of its biggest plain vanilla bond transactions in the US market. The deal, to be lead managed by JP Morgan and Citigroup/SSB, will be split into seven and 20 year tranches according to demand.

* Wüstenrot Hypothekenbank AG Rating: AAA

The Eu2bn IPO of Autoroutes du Sud, the French motorway operator, looks set to be the first of the planned French privatisations to be completed this year. Gaz de France and Electricité de France (EdF), the two French utilities, are also planning to complete share sales in the near future. But they will have to await the completion of the French elections, due to take place between April and June, before any firm decision is taken. An announcement by Autoroutes du Sud this week confirmed that the government is keen to complete the sale by the end of March or beginning of April in a further attempt to reduce France's deficit.

Renault was a casualty of poor Japanese investor sentiment this week, when the French auto manufacturer was forced to postpone its second Samurai bond issue. Joint lead managers Daiwa SMBC and Merrill Lynch were due to launch the ¥35bn five year deal on Wednesday, but the collapse into bankruptcy of Enron and Kmart has severely affected Japanese investors' appetite for offshore corporate paper.

Royal Bank of Scotland Financial Markets is beefing up its UK corporate origination team in the expectation of another bumper year of fixed income issuance. The bank has recruited senior originator Russell Maybury as a managing director, UK corporates. He joins next week from UBS Warburg, where he was most recently executive director, UK debt capital markets.