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Bidding is under way for the Eu30m 12 month facility for Nurbank. EuroWeek has heard that the borrower does not require the funding until November, so it is unlikely a mandate will be awarded for some time.

Carlyle's proposed takeover of Fiat Avio was jeopardised this week when Italian venture capital firm Finmeccanica and French government owned Snecma announced a Eu1.5bn bid for the aerospace company. This means the banks including Lehman Brothers that were backing Carlyle's bid could lose the mandate to arrange the debt.

Kreditanstalt für Wiederaufbau (KfW) this week pioneered the institutional callable market in euros with a Eu1bn three year non-call one transaction lead managed by Merrill Lynch and UBS Warburg. The deal sent bankers into a flurry of activity to discover which institutions had bought the issue and which borrower to pitch as the next candidate. The leads, mindful of the lack of precedents, started with a modest size of Eu500m but strong demand justified an increase to Eu750m and a book of over Eu1bn merited a final size of Eu1bn.

Rating: Aaa/AAA Amount: Nkr400m

Discussions continue between a number of banks and LG Philips LCD Co regarding the borrower's proposed $500m-plus financing. Bankers expect a mandate shortly. Kookmin Bank is seeking a US dollar facility, although bankers suggest that it has now scaled down its requirement. They say no final figure has been decided upon.

Guarantor: Federal Republic of Germany Rating: Aaa/AAA

Rating: Aaa/AAA/AAA Amount: Eu600m Landesschatzanweisung series 62

Rating: Aa1/AA/AAA Amount: Eu500m

Rating: Aa1/AAA (Moody's/Fitch) Amount: Sfr200m

Rating: AAA (Fitch) Amount: Eu200m Landesschatzanweisung series 1

Loan Ranger's trusty informants at that wannabe UK powerhouse of debt have told him that the bank, nestled in a leafy suburb of outer London called Canary Wharf, will soon be losing two of its hunkiest secondary loan traders. Even the promise of a mega-raise to their outer London weighting allowance - or an executive helicopter to cut the travel time to the City to a manageable 40 minutes - has been unable to keep the two starlets from escaping.

Leak's favourite desk swapper, Tarik Senhaji, is off again. But before we hear cries of zut alors and ooh la la ringing through the corridors of Crédit Agricole Indosuez, let us assure you that it's just a holiday this time. And Tarik is not the only one. It seems that trips to foreign climes are all the rage at the moment. Leak has learnt that UBS Warburg's head of CP trading, James Marriott, has been taking the wind in the Dominican Republic. With tornadoes having swept through the area a couple of years ago, Leak is not convinced of James' sanity, but he assures us that the windsurfing was superb.