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  • Deutsche Bank has arranged a $10 billion secured note programme in the name Asset Repackaging Trust Four. The issuer has limited liability in the Netherlands. Deutsche Bank has two other special purpose vehicles in the names Asset Repackaging Trust and Asset Repackaging Trust Three.
  • Dexia has doubled its debt facility from $1 billion to $2 billion. Salomon Smith Barney, SEB Debt Capital Markets and UBS Warburg have been added as dealers. Daiwa SBCM Europe has been axed.
  • The global dollar market showed few signs of slowing down ahead of the summer break this week as over $13bn of corporate paper hit the market, demonstrating that investors remain as committed to the sector as in recent record breaking weeks. Ford Motor Credit Company and its parent Ford Motor Co combined to launch the largest deal of the week, a $7.5bn three tranche deal that was increased from $5bn as demand flooded in across the curve.
  • Deutsche Telekom is due to award a mandate today (Friday) or early next week in the latest jumbo loan for a European telecoms blue chip.
  • Deutsche Telekom is due to award a mandate today (Friday) or early next week in the latest jumbo loan for a European telecoms blue chip.
  • Poland There are positive early indications from the market on the Eu250m incremental facility for Polkomtel arranged by Bank Handlowy and Deutsche Bank.
  • EGYPT is looking to issue a $300m-$500m long-dated benchmark bond issue in early 2001. It wants to put out paper in five, seven and 10 year maturities. Merrill Lynch, its rating advisor, is in a strong position to win any mandate for a bond issue from the Egyptian sovereign, having managed a non-deal roadshow this week for the issuer.
  • Electrolux has added Salomon Smith Barney to the dealer group off its $1 billion Euro-MTN shelf.
  • Brazil * CSN Islands Corp
  • Erste Bank has raised its debt programme ceiling from euro4 billion ($3.74 billion) to euro7 billion. IBJ and Morgan Stanley Dean Witter have been added as dealers. Daiwa SBCM Europe and Merrill Lynch have been dropped.
  • * Banca Popolare di Lodi SCarl Rating: A3/A- (Moody's/Fitch)
  • EURONEXT could cover the costs of its merger with its net profits for the first half of 2000 alone. The merger of the Paris, Amsterdam and Brussels stock exchanges, which is scheduled to become the first integrated European exchange on September 22, appears unhindered by the infighting that has marred the iX merger.