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Rating: Aaa/AAA/AAA Amount: $4bn

Rating: Aaa/AAA Amount: $500m (fungible with $1bn issue launched 30/10/02)

Barclays, HSBC, HVB Group, Nordea and Svenska Handelsbanken will sign banks into the Eu850m five year deal for M-Real on Tuesday. The deal was a success in syndication and was increased from Eu600m.

Amount: R653m Issue price: 100.00

The final reply date for banks invited to commit to the Eu500m 364 day revolver for Cereol is November 20 - a day after the last commitment date for the Eu700m five year revolver for Pechiney. So far the response to the Cereol and Pechiney facilities has been positive, although neither deal is expected to be a blowout in syndication.

The market consensus among loan bankers this week was that E.On's AA- rating and strong banking relationships should ensure that arrangers will have few problems selling the German borrower's jumbo Eu15bn in syndication. This is not an easy environment to syndicate Eu15bn of debt, however, especially as the end of the year is looming. "This deal cannot afford to be a flop," said a market participant outside of the arranging group. "It will send the loan syndication market into a spin and will set a negative tone for investment grade investor appetite moving into 2003. The arrangers know this, so does E.On and so all the stops have been pulled out."

Rating: Aaa/AAA/AAA Amount: $1bn (fungible with two issues totaling $3bn first launched 03/10/02)

Bankers in the UK syndicated loan market worked themselves into a frenzy this week over the news that Cadbury Schweppes was gearing up to make a $4bn bid for US confectioner Adams. The bid will be backed by a jumbo syndicated facility. Adams is being sold by pharmaceuticals company Pfizer. Cadbury's is on an aggressive acquisition trail and refuses to be halted in its quest, despite having to retract a $10.2bn joint cash bid with Nestlé for US food group Hershey's when the Hershey Trust terminated the sale this summer.

Rating: Aaa/AAA Amount: NZ$100m

Rating: Aaa/AAA Amount: Sfr400m

Hanaro Telecom is looking to raise a W900bn credit through a group of international banks including JP Morgan. The term sheet is being finalised and the deal will be launched at the end of November or in early December.