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The £1.5bn loan for Land Securities which was launched into general syndication in mid-June has been closed oversubscribed. Barclays Capital (joint bookrunner), Citigroup/SSSB (joint bookrunner), Lloyds TSB (joint bookrunner, documentation, facility agent), and the Royal Bank of Scotland (joint bookrunner) are arranging the deal.

Following months of discussions, the export credit agencies that will participate in the $4bn project financing for the Nanhai petrochemical project through CNOOC & Shell Petrochemicals Co have been finalised. The group comprises JBIC, NCM, Nexi, Sace and US Ex-Im although no structure has been formalised yet.

Citigroup has reshuffled the bankers covering project finance for the US and Asian energy and power sectors, removing veteran dealmaker Joe Casson and replacing him with New York-based bankers Peter Ho and Daisy Yao. Casson, who was Citigroup's senior energy and power transactor in the region, is heading back to the US after being on an international rotation for seven years.

Investec kicked off marketing for its London Stock Exchange (LSE) listing this week and announced that it was also to raise around £100m from the issue of new shares. The South African financial firm has chosen to issue 10m new shares, representing 8.4% of its share capital, to increase the liquidity of the stock when it begins trading on the LSE.

Lebanon's Crédit Libanais this week launched a well received block trade of $60m of three year bonds in the face of a choppy new issue market. Sole lead managed by Deutsche Bank, the par priced issue - increased from an original target amount of $50m - featured a 9% headline coupon to give a launch yield of 9% and spread of 619bp over US Treasuries.

Rating: A2/A- Amount: Eu50m (fungible with Eu75m issue launched 26/06/02)

Joint mandated arrangers Mizuho and Zagrebacka banka will sign banks into the $100m four year facility for Industrije Nafte (INA) on July 22. The deal has been oversubscribed by up to $175m. However, commitments have been scaled back and the deal will be signed for $150m.

Amount: $60m (increased from $50m) Maturity: July 18, 2005

Raiffeisenlandesbank Oberosterreich (RLB) has put its name to a Eu2bn debt issuance programme. Deutsche Bank has scooped the arranger mandate. RLB is the first Austrian issuer to come to the EuroMTN market this year. Martin Schaller, treasurer at RLB, who has been planning the signing for two years, is hopeful the move will widen the bank's pool of investors. He said: "We wanted to broaden and internationalise our funding base and the EuroMTN market allows us to do that. We previously relied on the domestic and Schuldschein market and, although raising finance was not a problem before, we thought that the time was right to access the European capital markets."

I am delighted to announce that on July 12 MTNWeek, the leading publication for the global MTN and CP markets, will merge with EuroWeek, the leading newspaper for the international capital and bank markets. For over five years, MTNWeek, incorporating CPMonth, has consistently delivered the best news, analysis, features and data for its markets. It has developed an enviable reputation for its sharp and accurate coverage as well as strengthening its position as the journal for the MTN and CP industries.

Mandated arranger Nordea has launched the Eu55m three year EIB guaranteed facility for Borealis AS into syndication this week. A select group of banks have been invited to join the deal.

Guarantor: Deutsche Bahn AG Rating: Aa1/AA