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Amount: Eu653.5m Rating: Moody's/Fitch

Pemex, the state owned Mexican oil company, is planning to follow in CAF's footsteps and issue a debut sterling bond, possibly as early as next week. The deal, to be lead managed by Barclays and HSBC, is to be a 10 year issue for around £200m. Price talk and timing will be discussed on Monday. If the market looks quiet ahead of Christmas, then the deal issue may be launched in the new year.

The Ps3bn three year term loan for Pilipinas Shell Petroleum has been completed by mandated arranger ING. The arranger pledged Ps450m. Arrangers are Banco de Oro Universal Bank and Security Bank committing Ps300m each.

EuroWeek understands that the mandate to arrange the $200m 2-1/2 year facility for Polish Oil and Gas Company (PGNIG) will be awarded soon. It is not known at this point if the deal will be launched this year or next. Two bidding groups remain - Citigroup/SSSB, Kredyt Bank/ KBC, Pekao Bank and WestLB; and SG, Bank of Tokyo-Mitsubishi, HVB Group and ING.

The Republic of Poland is due to sign a EuroMTN programme in the first quarter of 2003 and has sent out invites for arrangership pitches. The majority of the EuroMTN market's top 10 league table dealers have been asked this week to pitch to be either the arranger or a dealer on the facility. One top EuroMTN originator intending to respond told EuroWeek that those invited include Citigroup/SSSB, Credit Suisse First Boston, Deutsche Bank, Dresdner Kleinwort Wasserstein, JP Morgan, Merrill Lynch, Morgan Stanley and UBS Warburg.

The Republic of Poland is due to sign a EuroMTN programme in the first quarter of 2003 and has sent out invites for arrangership pitches. The majority of the EuroMTN market's top 10 league table dealers have been asked this week to pitch to be either the arranger or a dealer on the facility. One top EuroMTN originator intending to respond told EuroWeek that those invited include Citigroup/SSSB, Credit Suisse First Boston, Deutsche Bank, Dresdner Kleinwort Wasserstein, JP Morgan, Merrill Lynch, Morgan Stanley and UBS Warburg.

Mandated arrangers LB Kiel and RZB signed banks into the Eu50m three year bullet term loan for Banco Internacional do Funchal SA (Banif) this week in Lisbon. SanPaolo-IMI joined as an arranger for a take of Eu10m and Landesbank Baden-Württemberg as a co-arranger for a take of Eu7.5m.

Amount: R1bn ($113m) Call option: December 15, 2006

Rating: Aaa/AAA Amount: Nkr400m (fungible with Nkr900m issue launched 19/11/02)

Rating: Aa3/A Amount: Eu320m

Rating: AA Amount: Eu129.8m

Rating: B2/B/B Amount: $139m (fungible with $1.127438bn issue launched 15/03/00 and $260m issue launched 21/11/02)