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The £1.5bn loan for Land Securities has been closed oversubscribed. The borrower has not accepted an increase and banks will be signed into the deal next week.

Rating: Aaa/AAA/AAA Amount: Eu500m

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

Corporacion Andina de Fomento (CAF), the Venezuela-based supranational, has signed a $500m multi-currency EuroCP programme via Barclays Capital. News of the signing will excite European investors according to Sally Vernon-Evans, ECP product manager for the arranger.

Thursday's tube strikes in London may have brought some trading floors to a standstill, but business at Deutsche Bank continues through hell and high water. While many gave up and worked from home, Deutsche's Mike Bransford - the two-time marathon man - got back into his sneakers and jogged the distance from his Kensington abode. But Leak hopes his time was a little quicker than his London marathon effort - four hours and 20 minutes there and four hours and 20 back does not leave much time for closing those PRDCs. Deutsche's head of desk, Chris Jones, showed his resilience, completing his journey by bike. But after Chris's recent performance at the SNS weekend (driving his car very quickly the wrong way down a cycle lane) Leak suspects his bike ride was far from boring, and we would like to apologise on Chris's behalf to anyone left dazed and confused by the self-proclaimed 'cycle path psychopath'.

Comunidad de Madrid, rated Aa3/AA/AA, launched the largest ever deal by a Spanish region on Monday. The Eu1.9185bn deal was split into three tranches: a 10 year Eu814.5m piece and a seven year Eu500m bond via Caja Madrid and Crédit Agricole Indosuez, and a five year Eu600m floating rate note led by SG.

The Eu300m five year multi-currency revolver for International Flavors & Fragrances (Luxembourg) Sárl has been closed oversubscribed by mandated arrangers ABN Amro and Barclays. The five year deal carries a margin of 55bp over Euribor which moves on a ratings grid.

Rating: Baa3/BBB/BBB+ Amount: £100m

Arrangers ABN Amro Bank, ANZ Investment Bank, Crédit Lyonnais and Standard Chartered have joined forces to launch a $250m multi-tranche fundraising for Reliance Industries to sub-underwriters. The deal is split between three, four, five and six year tranches with a step-up margin varying according to the tenor of the tranche.

The equity markets reached lows not seen since 1997-1998 this week, the euro reached dollar parity for the first time in two years and the dollar fell to levels not seen since early 2000. The result: more cancelled deals, an extremely thin pipeline and a concentration on high grade credit.

The Iranian central bank Bank Markazi Iran this week provided further evidence of the success of the Middle Eastern country's debut euro denominated bond, when it increased its Eu500m five year issue launched last week via BNP Paribas and Commerzbank by Eu125m. Last week's pioneering offering had itself been pitched at the top end of the Eu300m-Eu500m indicated issue size range, after it garnered more than Eu800m of orders.

The Iranian central bank Bank Markazi Iran this week provided further evidence of the success of the Middle Eastern country's debut euro denominated bond, when it increased its Eu500m five year issue launched last week via BNP Paribas and Commerzbank by Eu125m. Last week's pioneering offering had itself been pitched at the top end of the Eu300m-Eu500m indicated issue size range, after it garnered more than Eu800m of orders.