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Barclays and Citigroup/SSSB will sign banks into the £440m loan for ACE Europe on Monday. Proceeds will refinance a £440m loan signed in November 2001. Banks in that facility were asked to recommit for 2bp and will receive 5bp if they increase the size of their previous commitment.

Excel Airways, the UK charter airline, is preparing a flotation that will value the company in excess of £85m. The company, which is majority owned by Greek tour operator Libra Holidays, will be introduced to London's AIM market by Brewin Dolphin Securities. No shares will be sold on to the market, although Libra Holidays plans to sell part of its stake in the near future.

Amount: M$1bn Rating: Malaysian Rating Corporation

American Electric Power has put its name to a $3.5bn EuroCP programme. Goldman Sachs has scooped the arrangership and is joined on the dealer panel by Citigroup and Lehman Brothers. Many US-based borrowers have traditionally funded in the US CP market but are beginning to diversify and look at EuroCP. A number of new programmes have been launched globally and the level of maturity in the EuroCP market is grabbing the attention of US issuers. Three years ago 90% of the overall CP business was done in the US, but now 20%-30% is closed in Europe.

Rating: A1/A+ Amount: £25m (fungible with three issues totalling £250m first launched 19/10/01)

Amount: $70m, ¥2.44bn Maturity: November 2007

Rating: A1/A+/AA- Amount: Eu300m

Rating: A1/A+ Amount: $750m

Rating: Aaa/AAA Amount: Nkr180m (fungible with Nkr400m issue launched 01/11/02)

Rating: Aaa/AAA Amount: Eu300m (fungible with Nkr500m issue launched 04/11/02)

Rating: Aaa/AAA Amount: Sfr250m (increased 13/11/02 from Sfr200m)

Rating: A2/BBB/A- Amount: Eu1bn