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  • * Tractebel Invest International BV
  • Market report:
  • Osterreichische Postsparkasse (PSK) has increased the ceiling off its euro2 billion ($1.8 billion) Euro-MTN programme to euro4 billion. The programme, arranged is UBS Warburg, it was signed in 1998.
  • * Commerzbank AG
  • According to bankers, Pohang Iron & Steel Co, the largest steel producer in the world, has asked several investment banks for proposals for an international bond issue. "Posco could have some extra financing requirements because of its acquisition of some equity in Nippon Steel," said one banker.
  • Northern Rock demonstrated the pricing advantages of reserve capital instruments (RCIs) over offshore tier one issues this week, when it priced its transaction inside higher rated tier one paper launched through more conventional SPV structures.
  • Northern Rock demonstrated the pricing advantages of reserve capital instruments (RCIs) over offshore tier one issues this week, when it priced its transaction inside higher rated tier one paper launched through more conventional SPV structures.
  • Sakura Capital Funding has added Deutsche Bank as dealer to its ¥500 billion ($4.67 billion) Euro-MTN programme. The programme was signed in 1996 and was arranged by Sakura Finance International. The programme has $2.75 billion outstanding off 24 issues.
  • Norway Christiania Bank will launch multicurrency acquisition financing for Dyno Nobel and some of its subsidiaries next week.
  • Two Slovakian issuers - SPP, the state-owned gas distributor, and ZSR, the state rail company - tapped existing bond issues this week, on the back of a rally for the country's credits since it joined the OECD last month. However, bankers expect them to be the last financings from Slovakia this year.
  • * DaimlerChrysler North America Holding Corp
  • * Bayerische Hypo-und Vereinsbank AG