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Lebanon's Byblos Bank is breaking new ground with the planned launch of a debut $100m 10 year non-call five subordinated bond. JP Morgan and Natexis Banques Populaires have won the mandate for the deal, with JP Morgan acting as bookrunner, while Natexis will be a joint lead manager.

Word has obviously been getting around to Nomura about the dazzling new MTNWeek awards (which must bring waves of confidence to the lucky desks that own one), as it is already making moves for next year's awards at this early stage. The Japanese bank has hired Andres Gasser from Bank of America to become a director on the debt capital markets origination team. Other MTNers are welcoming the summer months by taking it easy. Dresdner's Michael Stump has been relaxing at home having won a bet with his colleague that he could lose four pounds in two weeks. Barclays's CP originator Monja Blattner is flying to Germany and then Greece for a well-earned rest. And Kommunalbanken's Kristine Falkgard, in between the 39 power reverse dual currency deals she does each day, has found time to pose for not one, but two photos for the company's annual report. Leak thinks the team needs to go on some IT training refresher courses though. In one of the pictures Terje Fronth-Pedersen, Kommunalbanken's portfolio manager, is busy clicking on his mouse buttons despite his computer screen not being switched on.

Rating: Baa2/BBB- Amount: $380m lower tier two capital

Bumiputra-Commerce Bank's $136m three year credit, co-ordinated by Citigroup/SSB, has been closed oversubscribed and was increased from $100m. Citigroup/ SSB held $10m. Arrangers are Barclays Capital, Commerce International Merchant Bankers Bhd, Lloyds TSB and Standard Bank Asia pledging $10m apiece.

Morley Fund Management this week signalled its intention to build business in hedge funds and private equity by hiring Philip Manduca as head of a new alternative investments division. Manduca joins from Dexia BIL where he was the head of asset management. He has been involved in hedge funds since 1987 and starts work at Morley next week.

Amount: $550m Maturity: June 5, 2009

Rating: A2/A/A Amount: Eu300m

Guarantor: Credit Suisse Group Rating: A1/A+

Rating: A1/A (Moody's/Fitch) Amount: Eu100m lower tier two capital

The mandate to arrange the Eu150m 10 year facility for Croatian motorway company Hrvatske Autoceste (HAC) has been awarded to Bank Austria, BayernLB and Privredna banka. A select group of banks have been invited to join the facility.

Danske Bank has made room for more debt on its $4 billion debt instrument programme by increasing the size to $6 billion. The issuer has also added three dealers to the existing eight-strong dealer panel. The added dealers are Danske Bank, Deutsche Bank and Salomon Smith Barney. The shelf, arranged in 1995 by Morgan Stanley, has 24 live notes worth $2.97 billion.

The Eu200m club-style deal for wind turbine generator Vestas has been signed and increased to Eu240m. Joint mandated arrangers are Nordea (agent) and Dresdner Kleinwort Wasserstein (bookrunner) and joining as co-arrangers are Bank of Tokyo-Mitsubishi, Barclays Capital and ING.