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Emirates Bank International signed a $1 billion Euro-MTN shelf on June 20. Deutsche Bank is the arranger, and Emirates Financial Services is co-arranger. The dealers are ABN Amro, Barclays Capital, CSFB, HSBC, JPMorgan, Morgan Stanley, Schroder Salomon Smith Barney and the arrangers.

Hilton Group has dropped UBS Warburg as a dealer off its £2 billion ($3.06 billion) Euro-MTN programme. Meanwhile two dealers were added. They are Deutsche Bank and Danske Bank. Zurich Finance has added Schroder Salomon Smith Barney as a dealer off its $4 billion Euro-MTN programme. ABB International Finance has replaced ABN Amro and SG as dealers off its $5.25 billion debt issuance programme with Barclays Capital and Schroder Salomon Smith Barney. More than half of its 113 trades issued since signing in March 1993 have been fixed-rate notes, but it has also used the structured market with equity-linked, currency-linked, Libor-linked and Eonia-linked trades, among others. Banque PSA Finance and Peugeot Finance International have upped the limit off their $8 billion debt issuance programme to $10 billion. The dealer panel has also been altered: Lehman Brothers is dropped and BNP Paribas, HSBC CCF and CDC IXIS Capital Markets are added. It has $7.36 billion outstanding off 38 trades. Danish Ship Finance has added Schroder Salomon Smith Barney as a dealer off its $1 billion Euro-MTN programme. Carlsberg has increased the size of its euro1 billion ($980.83 million) debt issuance programme to euro1.5 billion. BNP Paribas has been added as a dealer. Hydro Quebec has dropped Morgan Stanley as a dealer off its $4 billion Euro-MTN programme. Deutsche Bank has been added to the named dealer panel. Swire Pacific MTN Financing and Swire Properties Offshore Financing have added Merrill Lynch as a dealer to their $1.5 billion Euro-MTN programme. The programme has only been used four times since its signing in April last year, and all four notes were denominated in Hong Kong dollar and totalled HK$2.7 billion ($346.09 million). Their maturities ranged from three months to five years. NBNZ International has overhauled its $2 billion Euro-CP programme. The limit now stands at $3 billion and UBS Warburg is the new arranger, taking that role from BA Asia. Citibank, Credit Suisse First Boston and Lehman Brothers have been added to the dealer panel while ANZ Banking Group has been dropped. Lloyds TSB Bank remains appointed as IPA. Macquarie Bank has added Lehman Brothers as a dealer to its $5 billion debt instrument programme.

Rating: Aaa/AAA Tranche 1: Eu101m

Rating: Aaa/AAA Amount: $285m

Rating: Aaa/AAA Amount: Huf10bn euro-fungible notes

Rating: Aaa/AAA Amount: £200m (fungible with four issues totalling £650m issue first launched 22/11/01)

Rating: Aaa/AAA/AAA Amount: Z100m (fungible with three issues totalling Z800m first launched 09/11/01)

Amount: Eu1.5bn Legal maturity: October 25, 2012

Mandated arrangers Nordea (bookrunner), Bank of Tokyo-Mitsubishi (facility agent) and Danske Bank (documentation) have signed banks into the Eu150m multi-currency revolver for steel company Rautaruukki. The deal was closed oversubscribed and increased to Eu245m.

Amount: £740m Class G1 notes: £620m