launched

We are pleased to announce the launch of a new bilingual newsletter.

Bank of Queensland and Greater Building Society will hope for tighter pricing than late 2002 offerings.

Kepco launches a consent solicitation for $3.7 billion of its dollar debt.

BNP Paribas working with Hannuri Investment & Securities on a $350 million CBO for Korean SMEs.

While the demise of the bond issue was embarassing for Hutch (and its bankers), the present loan deal also has its fair share of controversies.

Pricing on the current deal is almost half of the 68bp over Hibor that CRE Finance paid in June 2000.

Pricing on the current deal is cheaper than a $200 million three-year loan-style FRN earlier this year.

By borrowing now at more than half of what it paid last year, Samsung Hong Kong is tapping lower cost funding to retire high cost debt.

The five-year bullet deal, comprising of a revolver for the first 18 months and a term loan for the remainder of the facility, is priced at a margin of 48bp over Hibor.