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The Mall Ha'Yam shopping center in Eilat will be the first Israeli shopping centre to issue bonds when it taps institutionals for NIS 180 million ($40.4 million) in March.

South Korea's corporate bond issues are expected to reach a 12-month high in Febraury, thanks to waning corporate credit risks, sources said Wednesday.

London-listed Xstrata and South Africa's Chrome & Alloys have merged their chrome and ferrochrome assets creating a new joint venture worth R8 billion ($1.2 billion). The deal also creates the world's leading ferrochrome producer with 30% of the world market. SA Chrome is owned by Royal Bafokeng Resources Holdings and the Industrial Development Corporation, while Xstrata is a major diversified mining company operating in six major international commodities. The new company will be known as Xstrata-SA Chrome Venture.

THE US private placement corporate bond market is attracting an increased number of Australian companies, offering long-term money with attractive yields. The number of private placements by Australian issuers in the US jumped from 12 to 23 last year, with the total funds raised increasing from $US2.4 billion ($3.12 billion) to $US4.1 billion ($5.33 billion).Private placements do not require a credit rating and the market is open to borrowers that are below investment grade. The market provides fixed-rate funding for terms of from seven to 15 years, which is rarely available in the Australian market.

AB Svensk Exportkredit (SEK) has issued a bond loan of €1 billion in the international capital market. The loan has a maturity of three years and is arranged by Goldman Sachs and UBS. It is the company's first benchmark bond issue in euros.

HBOS Treasury Services is delighted to announce that Peter Macfarlane is joining its capital markets team as a director within the securitisation group. Peter will head up the group's project bonds and infrastructure securitisation efforts.

The second quarter of 2004 will see an increase in the rate of staff hiring in the finance departments at US corporates - the third consecutive quarterly rise - according to the Robert Half international financial hiring index.

CEO succession, executive compensation, strategic planning, the nomination of directors and risk oversight are some of the areas that corporate boards are still grappling with more than a year after they were scared straight by the downfall of companies such as Enron and WorldCom.

Commerzbank Securities has added Ross Long to its FX trading business. Long brings experience from Bank of America as a senior FX trader as well as holding similar posts at RBS Trust Bank and Bank Gesellschaft. "We are delighted to have Ross on board," enthuses Nozar Hussain, global head of FX trading at Commerzbank. "This hire will continue to strengthen ComSec's FX spot trading capabilities as part of our hiring plan in FX trading. His in-depth experience and broad skill base will significantly enhance our trading capabilities."

Europe's treasurers are looking to maximise the regional centralisation of cash balances as the process is considered best practice in the market, according to a survey carried out on behalf of ABN AMRO. Seventy percent of treasurers are looking to use multi-bank cash concentration services in the belief they will achieve improved operational efficiency, a reduced workload and higher returns from larger cash balances. Almost half the survey's respondents choose to centralise cash balances across Europe while 61% indicated that pan-European centralisation was preferable to a country-by-country basis.

The quarterly reporting lobby has been dealt a severe body blow after an influential European parliamentary committee rejected the proposal.

Media sector deal values are predicted to reach €20 billion in 2004 and the number of transactions will exceed 100, according to the latest Media Insights report from PwC Corporate Finance.