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Banks are undertaking preliminary work in the hope of securing the mandate for the NT$15bn seven year financing for Quanta Display Inc. The borrower, a leading manufacturer of thin film transistor LCD devices, is planning the development of its fifth generation plant.

Rating: Aa3/AA- (Moody's/Fitch) Amount: Eu500m

South Africa wrapped up its entire overseas funding for the fiscal year to March 2003 yesterday (Thursday) with its biggest international bond to date - a $1bn 10 year issue via Barclays Capital and JP Morgan. The deal is the sovereign's first dollar benchmark in three years.

Rating: Aa1/AAA Amount: $390m

Rating: A1/A+/A+ Amount: Eu250m (fungible with Eu750m issue launched 20/03/02)

Global hedge fund assets will grow by 26% this year to $760bn, according to research published this week by Goldman Sachs. The findings are part of the bank's second annual survey of the investor base, and show that hedge funds continue to gain in size at the expense of traditional asset managers.

The Hellenic Republic launched the longest dated syndicated euro-zone government bond this week, a Eu3.5bn 5.9% October 2022 transaction that added to the growth in issuance at the long end of the euro government bond markets. Led by Commercial Bank of Greece, Deutsche Bank, Goldman Sachs, Morgan Stanley and National Bank of Greece, the bond was on Wednesday - a day ahead of schedule - priced at 44bp over the 5% October 2016 OAT, equivalent to around 20bp over Euribor, which was flat to Greece's outstanding 2019 issue. By yesterday (Thursday) it had tightened to 42bp-43bp over.

Bank of America and US media company Viacom took advantage of a lull in high grade bond supply this week to issue $1bn 10 year and $700m five year global bonds, respectively. The self-led Bank of America deal was priced at 105bp over Treasuries, in line with market comparables.

Dresdner Kleinwort Wasserstein and Royal Bank of Scotland are arranging a new £425m loan for music retailer HMV Media Group. The two arrangers have fully underwritten the deal that supports the group's £600m flotation of last week.

Rating: A2/A Amount: Eu3.5bn

BNP Paribas has clinched the mandate to arrange a new Eu30m five year term loan for Hungary Foreign Trade Bank (MKB). The deal follows soon after MKB's Eu50m transaction that was signed through DZ Bank earlier this month.

Launch into general syndication of the $250m three year deal for Sinochem Hong Kong (Holdings) Co has been delayed as banks interested in joining as sub-underwriters have asked for more time while they evaluate the deal. The HK$7.5bn seven year facility for Sun Hung Kai Properties has been completed.