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Media borrowers dominated this week in the UK as bankers launched a $3bn multicurrency revolver for publishing firm Reed Elsevier and a £1.5bn deal for Compass Granada into syndication. Banks have been invited to join the deal for Compass taking £70m for 20bp and £35m for 15bp.

An end of an era is marked at Toyota Motor Credit Corp (TMCC) with the departure of head of treasury Lloyd Mistele, who has been with the firm for 18 years. Mistele is expected to remain with the Toyota Group, working on special projects not affiliated with the US entity. Marcy Morita, TMCC's funding manager and colleague of Mistele for four years, expressed the company's feelings about his departure. "It will leave a big void at Toyota," she said. "He has been here for 18 years and contributed a massive amount of knowledge, not only from the financial markets' side, but also from the auto side. He was very well respected, mainly because of his integrity and his straightforwardness."

Deutsche Bank will sign lenders into the recapitalised debt facilities that backed the public to private debt of United Biscuits in 2000 on Monday. The borrower is called Regeantrealm. The deal has closed oversubscribed in syndication despite an aggressive structure and fees and senior lenders' distaste for recapitalisations.

Deutsche Bank will sign lenders into the recapitalised debt facilities that backed the public to private debt of United Biscuits in 2000 on Monday. The borrower is called Regeantrealm. The deal has closed oversubscribed in syndication despite an aggressive structure and fees and senior lenders' distaste for recapitalisations.

Around eight banks have committed to the £1.5bn underwritten loan for Reuters. Invited banks BNP Paribas and Deutsche Bank are unlikely to support the deal. "Reuters is working up a sweat convincing its relationship banks to join and it looks like the arrangers will be left a little long, but it is not a disaster," said one banker.

UK-based Royal&SunAlliance's plans to float off Promina, the renamed entity that holds its Australian and New Zealand assets, are proceeding despite the Iraq war and the Sars virus scare in Asia. The indicative range was this week set in a broad band of A$1.50-A$2 per share, with retail investors given a discount of A$0.10 below the final institutional bookbuild price. The bookbuild takes place from May 7 to May 9, following the global roadshows that are already under way.

Rating: Aa2/AA-/AA Amount: $100m (fungible with $500m issue launched 20/11/02)

Russian Aluminium has awarded the mandate to arrange its new Eu200m two year facility. ING is one of the three recipients of the mandate, say bankers. The deal should be launched into syndication in the next two weeks.

Guarantor: Compagnie de Saint-Gobain Rating: A2/A

Lloyds and Royal Bank of Scotland will launch the $2.1bn loan for Scottish&Newcastle at the end of next week. The deal will be relationship driven. A bank meeting is scheduled for April 16.

Amount: Rs990m Rating: Pakistan Credit Rating Agency

Rating: Aaa/AAA Amount: $2bn (fungible with $3bn issue launched 27/02/03)