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What is happening at Cazenove, the small, but socially perfect in every way, agency brokerage house? Friends who have recently passed by the firm's offices in Tokenhouse Yard, off Moorgate, reported a definite smell of cordite in the air. Had someone been shot or were the partners simply getting in some practice for the opening of the grouse shooting season on August 12? Well, now we know. Before you could say, "What really happened to Tom Schock and Joan Beck?", the unlucky David Verey was no longer on his high perch. This leaves David Mayhew in complete control, but the firm in some disarray.

Rating: Aaa/AAA/AAA Amount: $100m

Rating: A3/A- Amount: Ck500m

Rating: Aa1/AA/AA+ Amount: £50m

Guarantor: BG Energy Holdings Ltd Rating: A3/A-/A-

ABN Amro has signed five institutions into senior syndication of the Eu270m of debt facilities supporting the buy-out of family run lighting business Massive by CVC Capital Partners. Fortis Bank, MidCapital, Rabobank, ING and KBC have committed varying amounts as sub-underwriters.