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* JP Morgan has hired Brian McBride, Steve Conway, Doug Clarisse and Matt Whitcomb from Deutsche BT. McBride and Conway join the European high yield origination group as managing directors. Between them, they have 13 years of leveraged finance experience.

Mexico Moody's Investors Service this week raised its Ba1 long term foreign currency rating for Mexico to Baa3 from Ba1 - marking the first time that a major Latin American sovereign has secured an investment grade rating. Moody's move prompted a further tightening in Mexican bond spreads, with the country's $1.5bn 9.875% February 2010 dollar global bonds trading on Thursday at 218bp over Treasuries, in from 315bp over at launch in late January. Mexico still has speculative grade BB ratings from Standard & Poor's and Fitch IBCA.

France Multimania closed 60 times subscribed this week as internet euphoria continued on the Nouveau Marché. The Merrill Lynch-led deal priced at the top of the Eu31-Eu36 range, raising Eu56.16m. Yesterday (Thursday) the share closed at Eu81.

Market report: Compiled by Glenn Blackley,

ASIA’S largest ever loan, the $12bn facility for Pacific Century CyberWorks (PCCW), has generated strong early indications of support from potential lenders.

ASIA’S largest ever loan, the $12bn facility for Pacific Century CyberWorks (PCCW), has generated strong early indications of support from potential lenders.

The Republic of Poland’s maiden issue in the single currency proved a storming success this week, with investors leaping at the chance to gain exposure to the well regarded central European sovereign.

Dresdner Kleinwort Benson has hired Stein Melsbo to join the bank as a director on the syndicated loans desk. He will start in early April and reports to Ed Robinson. Melsbo joins from Citigroup where he worked for 11 years, most recently in the London office reporting to Bill Fish.

The Republic of Poland’s maiden issue in the single currency proved a storming success this week, with investors leaping at the chance to gain exposure to the well regarded central European sovereign.

THE B1/B/B+ rated Republic of Turkey is expected to award a mandate for a euro transaction within the next week or so. Banks had previously been invited to submit bids for either a 10 year dollar bond or a five, eight and 10 year trade in euros. This week the market consensus was that Turkey would most likely plump for a five year issue in euros.

PAR/NEAR PAR LOANS

Denmark As reported in the last edition of Euroweek, Commerzbank, Den Dankse, Handelsbanken Markets and Unibank have won the mandate to arrange a refinancing facility for Danisco. The deal is worth Eu750m, as a five year multicurrency revolver.