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Guarantor: Banco Comercial Português (Madeira)

Investec Bank has joined the throng of South African banks setting up asset backed commercial paper conduits with a new hybrid ABCP vehicle, Grayston Conduit 1.

BNP Paribas this week launched a £411.588m bond to fund the building of Britain's largest Private Finance Initiative (PFI) hospital in Derby.

The Netherlands could be the next stage in the expansion of KfW's securitisation platform - at least three Dutch banks are in discussions with KfW about participating in its synthetic residential mortgage securitisation programme, Provide.

Ireland

Mirant Corp.'s bank debt is being quoted higher this week with some market participants attributing the rise to the news that the bankrupt power company has filed a motion with the bankruptcy court to reject an out-of-market agreement to purchase power from electricity distribution company Pepco. Mirant is also seeking to renegotiate the terms of two out-of-market agreements to sell power to Pepco. Traders said the '03 is being quoted at 45-46, the '04 at 45 1/2-47 and the '05 at 68-70, with these prices up about four points from last week. One trader also mentioned that an extension of Mirant' debtor-in-possession talks with GE Capital was also a positive factor. No trades could be determined.

The exit of Aquila from the Australian energy industry resulted in one of the country's most complex M&A transactions ever. By Dominic Jones

Using insider sources in three countries, Pauline Loong tells the fascinating story of what would have been an extraordinary coup, the foreign takeover of a Chinese bank – and what went wrong. Additional reporting by Gina San and Abby Tan.