FA How was the past year for the syndicated loans business
I would say the past year has been pretty quiet in general, but has been punctuated by a number of significant deals. In Australia, we led the A$2.1 billion deal for Qantas and the BHP Billiton deal, which was a US$2.5 billion post-merger corporate financing and the biggest deal in Australasia in 2002. We also completed the US$950 million refinancing of Southern Cross Cables, the largest project finance deal in the region this year.
There were one or two other deals that stood out in the region, like the SingTel bridge financing related to the acquisition of Optus, although that deal...
