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Nikko Bank has raised the limit off its ¥30 billion ($262.24 million) Euro-MTN programme to ¥70 billion. There is $196.21 billion outstanding and Salomon Smith Barney is the arranger and only dealer.

Nordic Investment bank has issued a 26-year ¥3 billion ($26.23 million) note that will pay a final single coupon of 8.10%. The note will be issued on 18 January 2001. It is the fourth note that the bank has issued this year after two £

* BfG Hypothekenbank AG

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Brazil was quick off the mark with a $1.5bn five year global yesterday (Thursday), creating a new benchmark for the sector. Bear Stearns and Morgan Stanley Dean Witter joint lead managed the deal, which offers a 10.25% coupon and has an issue/reoffer price of 98.895.

Brazil was quick off the mark with a $1.5bn five year global yesterday (Thursday), creating a new benchmark for the sector. Bear Stearns and Morgan Stanley Dean Witter joint lead managed the deal, which offers a 10.25% coupon and has an issue/reoffer price of 98.895. The bond - the first emerging market sovereign transaction of the year - looks set to be a blowout success. Coinciding with Federal Reserve chairman Alan Greenspan's announcement of a half point rate cut, and an upgrade of Brazilian sovereign foreign debt by Standard and Poor's (S&P) to BB- from B+, the bond was increased by 50% on the $1bn announced on Wednesday.

Brazil was quick off the mark with a $1.5bn five year global yesterday (Thursday), creating a new benchmark for the sector. Bear Stearns and Morgan Stanley Dean Witter joint lead managed the deal, which offers a 10.25% coupon and has an issue/reoffer price of 98.895. The bond - the first emerging market sovereign transaction of the year - looks set to be a blowout success. Coinciding with Federal Reserve chairman Alan Greenspan's announcement of a half point rate cut, and an upgrade of Brazilian sovereign foreign debt by Standard and Poor's (S&P) to BB- from B+, the bond was increased by 50% on the $1bn announced on Wednesday.

Business Development Bank of Canada issued ¥500 million ($4.23 million) note that pays a final coupon of 2% and pays interest semi-annually. The issuer sold seven trades last year, all but one in yen. Nearly half of all non-syndicated notes issued so far in 2001 have been yen-denominated, although in terms of volume they account for just over 15% of the private market.