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Rating: A3/A Amount: $500m (increased from $400m)

Amount: Eu1bn Rating: Moody's/Fitch

Amount: Eu125m Öffentlicher Pfandbrief series 58 (fungible with Eu1bn issue launched 06/01/99) Maturity: July 4, 2007

The EuroCP market goes from strength to strength. After a healthy first three quarters to the year, activity has exploded as issuers have flocked to the short end. This rush of issuance has taken overall outstandings to $315bn, a record high for the market, and for the first time outstandings have broken through the $300bn landmark. Over 500 more deals were closed in October than in any previous month and volumes were just shy of $165bn. It was an impressive surge that did not go overlooked. "October saw the biggest jump with central banks in Asia returning to sovereign paper," said John Ford, ECP product manager at Deutsche Bank in London. "Spreads between Eonia and Euribor widened, drawing in many continental European institutional investors in good size." Many dealers predict this trend will continue in November.

The European loan market is preparing itself for the imminent launch of syndication of E.On's jumbo loan facility. Mandated lead arrangers Barclays Capital (bookrunner), Citigroup/SSSB, Deutsche Bank (bookrunner), Dresdner Kleinwort Wasserstein, HSBC and JP Morgan (bookrunner) were in the final stages of discussions yesterday (Thursday).

Rating: Aaa/AAA Amount: Huf4bn (fungible with three issues totaling Huf15bn first launched 03/01/02)

Rating: Aaa/AAA Amount: Ck750m

Rating: Aaa/AAA/AAA Amount: $2bn

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

Amount: £330.068m Legal maturity: October 25, 2011

Mandated arrangers Barclays Capital (sole bookrunner), JP Morgan and Nordea have launched general syndication of the Eu400m five year revolver for Fingrid Oyj. Before the launch of syndication Commerzbank, Danske Bank and Sampo Bank joined as arrangers. Co-arrangers are being asked to commit Eu25m for 15bp.

Mandated arranger Credit Suisse First Boston will next week start talking to potential sub-underwriters for the Eu650m of senior debt facilities to support Bain Capital's acquisition of TotalFinaElf's paints division, SigmaKalon. SigmaKalon has divisions in decorative, industrial, protective and marine paints and holds leading positions in France, the UK, the Benelux, Poland and Hungary.