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  • * Abbey National plc Rating: Aa3/AA-
  • Croatia The EBRD, with a group of private commercial banks, has arranged a DM168m credit for ZGOS, a special purpose company established to improve Zagreb's waste management services.
  • * Republic of Finland Rating: Aaa/AA
  • THE EUROPEAN Investment Bank (EIB) this week tapped its Ft20bn ($100m) domestic forint issuance programme for the second time, with a Ft5bn five year floating rate note. EIB officials said that the issue had been prompted by growing reverse enquiry from investors looking for forint denominated risk. This matched the bank's on-lending requirement for floating rate funds for infrastructure development projects in Hungary.
  • Argentina * Republic of Argentina
  • LEAD MANAGER Enskilda Securities and co-lead manager Aros Securities have launched the first international sale of stock from a Danish issuer since the market's third quarter correction. The two firms have opened the books on the sale of stock in Eurocom Industries (ECI), the maritime communications goods manufacturer.
  • THE EUROPEAN high yield market moved up by between three to five points on average this week and, in the clearest sign yet of its reversal in fortunes, it has become bid only. "The market has been a lot stronger this week and issues have moved up from anywhere between zero and six points depending on credit," said one high yield trader.
  • China Arranger Crédit Lyonnais is sounding out the market on a $77m project financing for the Chengdu No 6 Water Plant B BOT Project.
  • Australia Banks have been invited to bid for arranger and underwriting roles for Sydney Airport Corp's A$850m financing package advised by Macquarie Bank.
  • * General Electric Capital Australia Guarantor: General Electric Capital Australia