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Market report Compiled by Mark Goddard, Hambros Bank Ltd, London. Tel: +44 171-865 1087

* World Bank Rating: Aaa/AAA

* European Investment Bank Rating: Aaa/AAA

* Esprit Telecom Group plc Amount: $230m Euro-144A

Corporates Standard Bank London Ltd signed an innovatively structured one year syndicated pre-payment facility for Solo Industries Ltd (SIL) on December 18 in London.

First Chicago Capital Markets Inc has launched a $1.3bn facility for MascoTech Inc. The loan is split into a six year $800m revolver and a $500m six year term loan. Pricing is based on the company's leverage ratio. The Libor margin range is 22.5bp to 100bp and the facility fee range is 15bp to 25bp.

* Credit Suisse First Boston completed the flotation for Dollar Thrifty Automotive this week. A total of $461m was raised with $51m of that going to the company. Credit Suisse priced the shares at $20.50 -- the mid point of the indicated price range of $19-$22. Some 22.5m shares were offered with 3m of those going to international investors. The shares traded up to $21.50 on the first day of trading, opening today (Thursday) at $21.5625. According to the bookrunner it was an accomplishment to place a deal of such size in the current volatile market and so close to the holiday period. Several smaller IPOs have already been postponed this week.

* Ford Credit Canada Guarantor: Ford Motor Co

ARRANGERS of the $2.32bn quasi project financing for the Yanpet petrochemical expansion project in Saudi Arabia expect to reach final close today (Friday), Euroweek can exclusively reveal. Global bookrunner JP Morgan has received all commitments from the senior lead manager and lead manager levels with one bank still to confirm its role at the manager level.

A WIDE variety of corporate issuers and government sales is likely to pump up the supply of new equity in the Spanish market next year. This year international and domestic investors enjoyed a variety of local stocks to choose from in a market which has done well and achieved positive returns in most offerings. One of the last deals to be completed this year was the sale of shares in ACS (Actividades de Construccion Y Servicios), the local construction company. The offering was led by Merrill Lynch and Argentaria and involved the sale of 14.183m shares at an issue price of Pta3,600 for institutional investors and Pta3,500 for retail buyers. The shares were marketed under Reg S, which prohibits direct sales into the US and Canada.

South Africa The $150m (increased from $100m) three year multicurrency revolving credit, at 40bp over Libor, arranged for AECI Ltd by Commerzbank AG and Société Générale was signed on December 3.