Search results for

The yen market was finding big trades hard to achieve yesterday. Only four of the 22 trades announced were for over ¥1 billion ($7.85 million). But there was one ¥6 billion deal, by Earls Seven, the Deutsche Bank-arranged financial repackaged issuer. It goes out to March 2004. And Apollo Spires, the Merrill Lynch-arranged conduit, did a ¥1.1 billion 27-month trade. European Investment Bank followed Apollo Spires's example, announcing a ¥1.1 billion deal, but it has a longer term of 30 years. And the last trade over ¥1 billion was a ¥1.13 billion five-year deal by Societe Generale Acceptance. The French issuer also announced a ¥500.4 million three-month note. First Chicago Tokio Marine Financial Products and Macquarie Bank both did three trades each. First Chicago's were two ¥100.08 million two-month trades and a ¥100 million two-month trade. Macquarie Bank went for a ¥30.34 million two-month note, an ¥83.68 million two-and-a-half month note and a ¥100.1 million six-month note.

Yen trading remained strong yesterday, with 24 deals being announced raising $622.25 million for the issuers involved. Telenor Communications did its second deal of the year, a ¥7 billion (54.96 million) 10-year trade with Salomon Smith Barney as the dealer. Its other trade of 2001 was also denominated in yen. Kommunalbanken was one other Norwegian issuer in the market. It did two notes, for ¥1.5 billion and ¥800 million that go out to March 2032 and December 2021 respectively. Salomon Smith Barney did the second trade. And Eksprtfinans completed the trades from Norway with a ¥500 million 20-year note, also led by Salomon Smith Barney. World Bank went for six yen deals, between ¥1 billion and ¥2.2 billion in size and from 20 to 30 years in length. Morgan Stanley Dean Witter did the biggest yen deal for some time. It was a ¥50 billion three-week note. Kommunekredit, Royal Bank of Scotland, Toshiba Capital (Asia) and Voyager, the financial repackaged issuer, all went for ¥500 million trades. They have respective terms of 25 years, 15 years, 10 years and eight-years-and-five-months.

South Africa Energy Africa's $50m seven year facility has been signed by mandated arranger ABN Amro.

Asia * ALCO 1 Ltd

Hong Kong Co-ordinating arrangers Bank of China (Hong Kong), Commerzbank (East Asia), BNP Paribas (Hong Kong), Industrial and Commercial Bank of China, Hang Seng Bank, HSBC, Sumitomo Mitsui Banking Corporation, Standard Chartered, Mizuho Financial Group, Bank of Communications, Bank of East Asia, Bank of Tokyo-Mitsubishi and Development Bank of Singapore have launched a HK$4.5bn five year revolving credit/term loan for Kerry Properties.

Australia Arranger UBS Warburg Australia has launched a A$600m facility for Pacific Brands divided between a A$235m five year term loan, a A$240m seven year term loan and a A$125m seven year revolver.

* Deutsche Australia Ltd Guarantor: Deutsche Bank AG (Sydney)

Welcome back after the Christmas and new year holidays. The good news is that the in-laws have finally gone just as you were on the verge of calling your local psychiatrist. The Christmas presents you did not want have been placed in the Xmas 2002 squirrel cupboard for redistribution to family members whom you hope you will never see all year. The only clouds on the horizon are those credit card bills, which will arrive by parcel post, and the fact that, with the main bonus season once again upon us, there will inevitably be some disappointments - just count the times when you were paid 25% less than the minimum you genuinely deserved. Let's get straight into some of those individual bonuses. Without a proper investment banking and equities business, Barclays Capital always looks like the entry for the Greyhound Derby that only has three legs. However, this is not a house that likes to hide its public relations lights under a bushel. Matt Barrett, the big banana at parent Barclays Bank, leads the way with more photo calls than Naomi Campbell or David Beckham. However, let's not hear a word against Matt O'Barrett, who is photogenic, becoming more Irish by the minute and who very nearly made our Bankers of the Year awards list for 2001 - due out in our Review of the Year 2001 next Friday.

Welcome back after the Christmas and new year holidays. The good news is that the in-laws have finally gone just as you were on the verge of calling your local psychiatrist. The Christmas presents you did not want have been placed in the Xmas 2002 squirrel cupboard for redistribution to family members whom you hope you will never see all year. The only clouds on the horizon are those credit card bills, which will arrive by parcel post, and the fact that, with the main bonus season once again upon us, there will inevitably be some disappointments - just count the times when you were paid 25% less than the minimum you genuinely deserved. Let's get straight into some of those individual bonuses. Without a proper investment banking and equities business, Barclays Capital always looks like the entry for the Greyhound Derby that only has three legs. However, this is not a house that likes to hide its public relations lights under a bushel. Matt Barrett, the big banana at parent Barclays Bank, leads the way with more photo calls than Naomi Campbell or David Beckham. However, let's not hear a word against Matt O'Barrett, who is photogenic, becoming more Irish by the minute and who very nearly made our Bankers of the Year awards list for 2001 - due out in our Review of the Year 2001 next Friday.

BNP Paribas has been added as a dealer to ICI Finance's $1 billion Euro-CP facility.