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  • BP Canada Energy has been added as an issuer to BP's $6 billion debt issuance programme.
  • Bradford & Bingley has increased the size off its Euro-MTN facility from $7.5 billion to $8 billion.
  • * Canada Mortgage & Housing Corp Rating: Aa1/AA+
  • Cofiri has upped the limit off its Euro-MTN programme to euro2 billion ($1.80 billion) from euro1.5 billion. Deutsche Bank has been added as a dealer.
  • Czech Republic The $200m five year loan for Czech Electrical Company (Cez) has been closed. Sole mandated arranger SMBC will sign banks into the deal next week.
  • France Télécom and Finmeccanica topped a staggering week in the equity markets when they sold Eu3.5bn of shares and exchangeable bonds into ST Microelectronics, the semiconductor manufacturer.
  • Maturities in euro ranged from one year to 12 years. But the biggest trade was done in the mid term by Svensk Exportkredit. The borrower closed a euro800 million ($712.80 million) four-year note. It also did a euro500,000 note that goes out four years. Caisse Nationale Des Caisses d'Epargne et de Prevoyance issued a euro100 million one-year note via UBS Warburg. The trade pays a fixed coupon. And another French issuer was also in euro: Caisse Centrale du Credit Immobilier de France - 3CIF did a euro15 million eight-year note via JPMorgan. The note pays a fixed coupon annually of 5.99% and the redemption is linked to the Nikkei225. Italian bank Bipop-Carire closed a euro10 million six-year note and Banque Generale du Luxembourg was also in that maturity bracket. It did a euro2.50 million six-year note linked to the Dow Jones EuroStoxx50 index, with the final amount based on several observation dates throughout the duration of the note. The trade was led by Fortis Bank.
  • Converium, the reinsurer spun out of Zurich Financial Services, fell by nearly 2% on its first week of trading as the Eu1.9bn deal suffered from poor conditions in the insurance sector. Lead managers UBS Warburg and Merrill Lynch priced the flotation on Monday evening at Sfr82 and $24.59 for the American Depository Receipts, in the middle of the ranges of Sfr72-Sfr90 and $21.75-$27.19. The book was six times covered.