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Rating: A3 Amount: £200m (increased from £150m)

Leak braved the elements and survived to tell the tale of Islandbanki and Landsvirkjun's Discover Iceland bash. But while we did not learn much about the Icelandic economy we did discover how much Brennivin the EuroMTN community can drink. More than 30 dealers and originators made it to Ingvar, Bill and Stefan's Magical Mystery Tour and no one returned home disappointed - or sober. The group were whisked off in a private jet to a huge lump of ice. But not just any piece of ice - it was the setting for 007's latest movie, Die Another Day. But as the market struggled up the mighty glacier (a little shaken, but not stirred) there was few signs of Bond's daredevil spirit.

Leeds & Holbeck Building Society has become the third UK building society to come to the EuroMTN market this year, highlighting the sector's attraction for investors in the volatile environment. The borrower signed its £1bn EuroMTN programme with Royal Bank of Scotland (RBS) as the arranger. RBS is joined on the dealer panel by Barclays Capital, Danske Bank, Deutsche Bank, Dresdner Kleinwort Wasserstein, HSBC and Merrill Lynch.

Lehman Brothers yesterday (Thursday) launched the £495m of senior secured facilities backing the secondary buy-out of Coral Eurobet by Charterhouse Development Capital from Morgan Grenfell Private Equity (MGPE) into syndication. Banks have been invited as co-arrangers committing an underwriting ticket of £45m for a projected final take of £30m for an underwriting fee of 135bp on allocated commitments.

Norwegian metals and materials producer Elkem and its new acquisition Sapa are preparing syndicated loans for launch. ABN Amro, DnB Markets and Svenska Handelsbanken were awarded the mandate to arrange the debt facility for Elkem that will back its acquisition of Sapa.

IOI Corp Bhd has awarded a mandate to ABN Amro and Citigroup/SSB to arrange a Eu230m, nine month bridge facility. Proceeds will finance the purchase of Loders Croklaan, a leading supplier of specialty oils and fats, from Unilever plc and Unilever for an undisclosed sum. The borrower is an investment holding and plantation company. This acquisition will enable it to develop its palm oil business.

Compiled by Holger Kron Deutsche Bank, Frankfurt

Compiled by Holger Kron Deutsche Bank, Frankfurt

Weekly volumes in dollars continued to break through the $2bn mark, but the number of trades fell to 89 from last week's 112. UK borrowers closed well over $400m of trades.

Compiled by Holger Kron Deutsche Bank, Frankfurt

Euro issuance volumes were up by about $500m this week, but the number of trades stayed low, with just 41 trades executed. German borrowers were by far the most active, closing almost $1bn from 10 trades. DePfa issued the biggest deal of the week, a Eu250m four year trade. It combined this with a Eu200m five year issue. Both notes pay interest quarterly. IKB Deutsche Industriebank issued a Eu200m three year note via Crédit Agricole Indosuez. The note pays interest of 12.5bp over three month Libor. It was increased from its original size of Eu150m.

Yen issuance boosted volumes in the EuroMTN market this week. Trading in August was quiet, but September has started brightly, with just under $1.3bn equivalent issued through 126 trades. The auto sector was as visible as ever and American Honda Finance Corp was especially active. It closed five trades for ¥15bn in total. All five mature in September 2005. Toyota Motor Finance Netherlands went for lower volumes, closing one of the smallest trades of the week. The borrower's ¥100m note reaches out 10 years and pays a semi-annual coupon of 1.3%.