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The Eu30m-Eu50m facility for the City of Tallinn has been awarded to LB Kiel, Swedbank and HVB Group. The deal should be launched in the coming weeks. For more details see EuroWeek 792

Rating: Aa1 Amount: Eu100m Hypothekenpfandbrief series 2028

Rating: Aaa/AAA Amount: $3bn

"It's golf, Silver, but not as we know it". That's all Tonto could say when he heard that many of the loan market's finest were leaving for sunny Marbella this week for ABN's annual golf weekend. Possible divorce writs aside - detox hospital bills and bail bonds will be paid for by their banks - what an agreeable way to spend a weekend de-stressing and boosting banking relationships.

UBS Warburg scored a major coup for its emerging markets business this week by securing the services of Richard Luddington, the former emerging market debt supremo at rival JP Morgan. Luddington has been named managing director and head of debt capital markets for eastern Europe, the Middle East and Africa (EEMEA), and will also head up the sovereign advisory team for the EEMEA region when he joins the bank later this month.

UBS Warburg scored a major coup for its emerging markets business this week by securing the services of Richard Luddington, the former emerging market debt supremo at rival JP Morgan. Luddington has been named managing director and head of debt capital markets for eastern Europe, the Middle East and Africa (EEMEA), and will also head up the sovereign advisory team for the EEMEA region when he joins the bank later this month.

The Eu1.5bn loan for Arcelor will be increased to Eu2.003bn. Banks will be signed into the deal next week. BBVA, BNP Paribas, JP Morgan, Fortis Bank and Natexis Banques Populaires are arranging the deal.

Guarantor: Caja de Ahorros y Monte de Piedad de Madrid (Caja Madrid) Rating: Aa2/AA (Moody's/Fitch)

IOI Corp Bhd has awarded a mandate for the refinancing of its Eu230m bridge facility to Citigroup. The five year loan will feature an amortising repayment schedule with an average life of 3.55 years although no pricing has been finalised yet.

Compiled by: Richard Favis RBC Capital Markets

Dollar volumes dropped dramatically this week, from $4.78bn to $2.78bn. The dollar's share of issuance fell from 43% to 36% and the number of trades executed more than halved, dropping from 265 to 131. The fall in dollar issuance contributed more than half of the overall drop in MTN volumes during the week. Nevertheless, the dollar market remained a reliable source of funding for regulars such as Lloyds TSB Bank and BCEE Luxembourg. The UK bank was the most active, with 13 trades totalling $255m across the 2006 to 2013 part of the curve, while BCEE raised a more modest $82m in 11 trades in the 2008 to 2015 maturity range.