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Arrangers Credit Suisse First Boston and JP Morgan have received six commitments from banks invited to sub-underwrite the debt facilities backing the £295m of senior debt backing the Clayton, Dubilier & Rice buy-out of frozen food company Brake Bros. Three outstanding banks have until Monday to submit late commitments. A number of funds have also joined the deal.

Just one private utility was active in the EuroMTN market this week. But SNCF's two £150m deals made the utility sector the third biggest by volume. Both of the trades go out to March 2027. Financial repackaged entities closed 11 deals this week. Nomura's SPV Rosetta issued two ¥1.2m notes: one maturing on March 22, 2005 and paying a coupon of 2%; the other settling in October 2007. Citigroup/SSSB traded a Eu10m two year note through its Structured Investments Corporation, while JP Morgan's Indus Company closed a ¥2bn trade off its 27-strong multiple issuer programme. And Signum, a Goldman Sachs SPV, issued a S$10m January 25, 2011 trade. The note pays a coupon of 5%.

The 10 year and longer maturity range was the most tapped this week, accommodating over $2.1bn from 104 trades. Some 72 of these deals came in yen and 21 in dollars, but there was also activity in other currencies, such as Norwegian kroner, which were used in 12 equivalent deals worth $662.33m. One of these, a trade led by Danske Bank for HVB Real Estate Bank, goes out 12 years and pays an annual coupon of 6.49%.

Triple and double-As took an even greater share of the market this week by volume, with triple-As in particular accounting for a near 50% share. Germany's highest grade issuers were the most active, closing $834.03m off 26 trades. BayernLB issued six trades, five in dollars and one Eu10m deal via Citigroup/SSSB. Morgan Stanley placed one of the borrower's dollar deals. The $100m six year trade has an annual step-up coupon starting at 4% and peaking at 5.25% from September 2007.

Rating: Aa1/AAA Amount: Nkr500m

HSBC will wrap up syndication of the £200m seven year term loan for Brindley Place today (Friday). The deal has been well received by the market and an oversubscription in syndication will lead to scale backs.

US Finance company CIT Group this week re-entered the US MTN market with $700m of 18 month floating rate notes. The issue marks the final step in CIT's efforts to regain the access to unsecured debt markets it lost under its troubled ownership by Tyco International. In February CIT was forced out of the US commercial paper and short term MTN markets - both vital sources of funding for the finance company - when it was downgraded to A- from A by Standard & Poor's (S&P) due to difficulties suffered by its parent Tyco International.