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Guarantor: ENI SpA Rating: AA

Barclays, Deutsche Bank (sole bookrunner), Lehman Brothers and Royal Bank of Scotland have signed banks into the £1.28bn acquisition facility for Enterprise Inns. Abbey National, Allied Irish Bank, Bank of Ireland, Bank of Nova Scotia, Bank of Scotland, BayernLB, CIC, Dresdner Kleinwort Wasserstein, Banco Populare di Lodi, Fortis Bank, GE Capital, HSBC, KBC, Nationwide, Rabobank and WestLB are senior co-arrangers.

Estonia has achieved such tight pricing for its debut Eurobond that it has fallen off the radar screens of some emerging market fund managers. Sole lead manager CSFB was able to price the Eu100m five year bond at 40bp over mid-swaps, well within the range between Hungary and Poland that Estonia had wanted.

Estonia has achieved such tight pricing for its debut Eurobond that it has fallen off the radar screens of some emerging market fund managers. Sole lead manager CSFB was able to price the Eu100m five year bond at 40bp over mid-swaps, well within the range between Hungary and Poland that Estonia had wanted.

Rating: Aaa/AAA/AAA Amount: Huf4bn (fungible with Huf7bn issue launched 03/01/02)

US investors are more sceptical now about investing in European equities than at any time over the last 10 years, a leading fund manager warned this week. Michael Schoeck, head of global active equities at State Street Global Advisors, said that with the US outperforming Europe since 1994, fund managers are struggling to persuade US investors to maintain their weightings in European stocks.

Commerzbank has appointed former global head of research Edward Cartwright as chairman of Commerz Futures, the Chicago-based clearing house. Cartwright will help integrate Commerz Futures, a wholly owned LLC, as far as possible with the derivatives business of Commerzbank Securities. The two have so far been separated into the distinct business lines of treasury and investment banking respectively. But some treasury units have recently been integrated into investment banking, and the firm has identified potential "client synergies" between the US-based Commerz Futures and the European and Asian servicing Commerzbank Securities, and its derivatives business in Europe in particular.

Compiled by Stephanie Weedon, HSBC Bank plc, London Tel: +44 20 7336 3525

Rating: Aaa/AAA Amount: $6bn

Rating: A1/A+/AA- Amount: Eu300m (fungible with Eu350m issue launched 16/11/01)

Bank of Scotland and ING have been mandated by the UK's second largest DIY retailer, Focus Wickes plc, to arrange and underwrite a £280m five year revolving credit facility relating to its IPO. The revolver carries an initial margin of 115bp over Libor.

The Eu150m 364 day facility for IT company TietoEnator will be signed in Finland on Wednesday. Mandated arranger Nordea has been joined by Sampo as a co-arranger.