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UPM-Kymmene has raised the debt limit off its global MTN programme to euro3 billion ($2.74 billion) from euro2 billion.

SG is arranging the financing for the Amantaytau Goldfield project. The debt financing for the $42m project comprises a $31m non-recourse loan split between a $27m senior credit and a $4m cost-overrun facility.

Guarantor: Volkswagen Financial Services AG Rating: A1/A+

Guarantor: Volvo AB Rating: A3

German utility E.On will today, (Friday) price its Eu7.5bn euro and sterling bond, bringing to a close a week of further volatility in the credit markets. Although the high grade dollar market recovered its poise, continued turbulence in the euro corporate market forced borrowers to revise their plans. Endesa and Rhodia have both put their new issue plans on ice. Endesa's deal had apparently been to tap the sterling market for £300m-£500m of 10 year funding opportunistically, but the pressure of E.On, and RWE's poor performance since launch, put paid to the utility's plans.

Rating: Aaa/AAA Amount: $100m

Amount: Eu250m Legal maturity: July 25, 2007

The two Eu40 one year facilities for Distrigaz Nord and Distrigaz Sud were signed in Bucharest last week. Citigroup/SSSB was mandated arranger for the deal.

Amount: Eu325m Legal maturity: March 13, 2032

The $100m one year club deal for Russian Aluminium has been launched. ING, Standard Bank and Moscow Narodny are mandated arrangers and the deal pays a margin of 450bp over Libor.

Bank of Scotland is arranging a £120m five year revolver for Saga. The loan carries a margin of 115bp over Libor.

Syndication of the $250m facility for Arab Petroleum Investment Corp (Apicorp) is due to be closed early next week. The deal has been sold in a one-step syndication and has been modestly oversubscribed.