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* Kommunekredit Rating: Aa1/AA+

Denmark The Dkr2.4bn telecoms project financing for Mobilix is set for launch of syndication by arrangers ABN Amro and Crédit Lyonnais which are awaiting approval to go ahead with the deal from the project's main sponsors France Télécom Mobile International and Danish Railways.

THE REPUBLIC of South Africa scored a remarkable success on its return to the international bond markets last Friday when its Eu500m seven year offering proved a smash hit with the target audience of European investors. Lead managed by Credit Suisse First Boston and JP Morgan, the Baa3/BB+ rated deal was priced with a 6.75% coupon to give a margin of 328bp over the 6.25% April 2006 Bund on an issue/fixed re-offer price of 99.183 -- well inside the 350bp-375bp price guidance first mooted when marketing started last week.

* Boots Company plc Rating: A1/A+

ONO Finance priced its dual tranche high yield bond this week and, following a successful roadshow, was able to increase the amount issued. Originally intended to be a $300m financing, the final issue provided proceeds of $400m to the company, split between a euro and a dollar tranche. The euro tranche emerged as a Eu125m 10 year transaction paying a 13% coupon and a spread of 917bp over the Bund. The $275m tranche paid a 13% coupon and a spread of 774bp over the 5.26% US Treasury. The deal also includes warrants for equity.

* Europäische Hypothekenbank der Deutsche Bank Rating: Aaa/AAA

THE AMSTERDAM stock exchange is shortly to host a flurry of primary market transactions as corporates and vendors decide to take advantage of the booming -- if volatile -- market conditions and the strong appetite for telecom and IT stocks. Deals from Lebitel, Versatel and Pink Rocade will be launched in the next few months, with investors already positioning themselves as potential buyers.

CASINO SA, the French supermarket chain, has mandated ABN Amro, Natexis Banque-BFCE and WestLB for a Eu1bn credit facility. Euroweek understands that senior syndication will be launched at the end of next week and that the margin will probably be over 30bp over Euribor. Proceeds will be used for general corporate purposes and perhaps to fund an acquisition.

ABN AMRO and Crédit Lyonnais have won the mandate to arrange a Ffr2bn reducing revolving credit for TF1, the French television channel. TF1, making its debut in the Euroloan market, is paying a margin of 27.5bp over Euribor during the deal's seven year maturity. Potential lenders can also expect a commitment fee of 12.5bp and a utilisation fee of 2.5bp if more than 50% of the credit is drawn down.

Expect news over the next few days of a credit facility, arranged by HSBC, backing Unipart's £223.9m takeover of Partco. General syndication of the Lloyds Bank arranged syndication of the £80m 364 day revolver for Greene King plc has been well backed and an oversubscription has been raised.

INVESTMENT grade buyers stormed into Uruguay's $250m 10 year Yankee bond this week, enabling the sovereign to follow Chile's lead and price at more aggressive levels than originally slated. The Baa3/BBB- rated deal, led by Merrill Lynch, was priced to yield 7.325% or 212.5bp over Treasuries, tighter than the 223bp trading level of its 2008s and in the middle of a 210bp to 215bp range, itself revised down from 210bp to 220bp earlier in the week.

* DaimlerChrysler North America Corp Guarantor: DaimlerChrysler AG