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Following a lengthy delay the $360m five year credit for Ministry of Finance of Sultanate of Brunei has finally been scheduled to be signed on February 11 in Brunei.

Amount: Eu100m Maturity: January 31, 2008

Mandated arrangers Nordea and Svenska Handelsbanken will launch syndication of the Eu400m seven year revolver for the City of Stockholm today (Friday). Syndication will target a select group of banks and a presentation will be held on February 13 in Stockholm. The facility pays a margin of 10bp over Libor and a commitment fee of 4bp for years one to five, stepping up by 5bp thereafter. Proceeds will be used for standby purposes only.

Guarantor: Telefónica SA Rating: A3/A

Citibank (Taipei) has filed an application for US Ex-Im Bank backing for a $400m aircraft financing for China Airlines. The approval process will take some time and the arranger will decide upon the syndication strategy once the backing has been granted. Proceeds will finance the purchase of three Boeing aircraft.

A large group of lenders which were invited to commit to the debt facilities backing the Permira-led buy-out of Travelodge and Little Chef attended a bank meeting and site visit in Oxford on Wednesday. In a one-stop-syndication institutions have been asked to take sub-underwriting commitments of £40m to be brought down to £25m for a gross fee of 130bp over Libor.

Rating: B1/B+ Tranche 1: $925m senior debt (indicated: $750m-$850m)

Russian investment bank United Financial Group has upgraded its presence in London and New York to enhance its service to its international clients. In London UFG (UK) Ltd has been admitted as a member of the London Stock Exchange (LSE) and had its trading licence upgraded to Category A by the FSA, the UK financial services regulator. As a result, the company can now execute trades directly for investors, rather than having to act through a third party broker-dealer. Previously only rival Russian investment bank Renaissance Capital had been awarded LSE membership and Category A licence status.

The postponing of Infinity Property & Casualty's IPO this week continues the dismal run of the US markets, which has seen equity capital market bankers suffer their slowest start to the year for a decade. The US has yet to see an IPO price in 2003, an appalling statistic considering the market is entering its sixth week of the year.