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Market report Compiled by Frank Hracs, TD Securities, Toronto

Tanzania Arrangers Barclays Capital (administrative and facility agent), CIBC (technical bank), Citibank (trustee and collateral agent), Deutsche (bookrunner), Dresdner Kleinwort Benson (documentation) and SG (insurance agent) will close the $200m project financing for Kahama Mining Company Ltd early next week. The deal has been strongly supported and will close well oversubscribed.

The Republic of Argentina this week launched its largest ever non-dollar issue, a Eu1bn three year deal that marked a vote of confidence in reforms announced by the Argentine finance ministry over the weekend.

The Republic of Argentina this week launched its largest ever non-dollar issue, a Eu1bn three year deal that marked a vote of confidence in reforms announced by the Argentine finance ministry over the weekend.

China Hua Fei Colour Display Systems Co has awarded the mandate to BA Asia to arrange a $90m 1-1/2 year loan.

Europe * SCC SpA

Market report Compiled by Glenn Blackley, RBC DS Global Markets, Australia Tel: +61 2 9373 0431

Australia Arrangers ANZ Investment Bank and Barclays Capital have launched a fully underwritten $100m facility for Novus Finance. The deal is guaranteed by parent company Novus Petroleum.

It is the end of an era at Credit Suisse First Boston with the news that Chris Goekjian is calling it a day. We always regarded Goekjian as one of the best intellects in the Euromarkets and whenever we met him he was kind enough to speak in short sentences in case we were left behind. Under his leadership in Europe, which really began when his friend and former Bankers Trust colleague, Allen Wheat, moved to New York, CSFB made billions of dollars for the parent Swiss bank and CSFP, which was Goekjian's favourite baby, became one of the greatest financial success stories of the 1990s.

Officials in the loan market are waiting eagerly for the launch of the Eu30bn loan for France Télécom, backing the acquisition for UK mobile phone operator Orange. Launch to sub-underwriters is widely expected late next week, and the arrangers are dealing with heavy reverse inquiry from banks wanting to join the deal.