Credit Suisse First Boston is syndicating $695 million in hybrid loans for two companies-the biggest hybrids to hit the market this year.

The bank expects to soon close a $320 million hybrid for Repap New Brunswick Inc., a paper maker and marketer in Stamford, Conn. Last week it closed a $375 million deal for Ocean Rig ASA of Oslo, Norway, a drilling- rig operator and investor.

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