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Danske Bank launched a £30m debut three year revolving credit facility for Kent Reliance Building Society into syndication on Wednesday. Co-arrangers have been asked to commit £7.5m for 12.5bp and lead managers are asked to commit £5m for 10bp.

Guarantor: Kreditanstalt für Wiederaufbau Rating: Aaa/AAA

Kreditanstalt für Wiederaufbau's (KfW) hard work with US investors paid off yesterday (Thursday), when about half of its $3bn three year global - the second deal under its new dollar issuance regime - was sold into the US. Bookrunners HSBC, Lehman Brothers and Morgan Stanley priced the deal at a tight 91bp over Treasuries, and it held well after the break.

Rating: Aaa/AAA Amount: Eu1.5bn (increased from Eu1bn)

Rating: Aa3 Amount: Sfr250m

Arrangers Korea Development Bank, Hana Bank, Arab Bank and Export-Import Bank of Korea have launched an $80m one year term loan for SK Global (Asia Pacific), guaranteed by the parent SK Global. Banks joining the deal will receive a margin of 110bp over Libor. Fees to the market are at three levels. Co-arrangers pledging $10m or more will earn 45bp, lead managers taking $5m-$9m receive 42.5bp, and senior managers lending $4m or less earn 40bp.

Amount: Eu1.5bn Maturity: April 17, 2007

EuroWeek understands that three venture capital houses have gone through to the final round of bidding for car maintenance business Kwikfit, is being sold off by Ford as part of its restructuring plan. The sale was announced in January 2002. Ford - which bought Kwikfit, three years ago for $1.6bn - hopes to raise some $1bn from the sale. However, the market has expressed doubt that the sale will raise the asking price. "There is a gap between seller and buyer at the moment," said one London banker. "I don't see Kwikfit selling for more than $800m."

Rating: AA/AAA (S&P/Fitch) Amount: Eu1.25bn Öffentlicher Pfandbrief series 162

New York's state attorney-general, Eliot Spitzer, has slapped a court order on Merrill Lynch, requiring it to institute immediate reforms in its research business. It must make disclosures to investors about its investment banking relationships and provide more context for its recommendations. Other major Wall Street firms are expected to be subjected to similar treatment. His office had issued subpoenas to other securities firms, Spitzer said.

Banks have been reviewing invitations for the £40.5m leveraged financing backing the public-to private deal of clothing store Oasis that is sponsored by venture capitalist PPM Ventures. The deal was due to be syndicated at the end of 2001, but was held off from the market until Christmas trading figures were released.

Olivetti has revised upwards pricing for its Eu2bn offering expected today via Barclays, Citigroup/ SSSB, Lehman and UBM, against a backdrop of volatility and a surge in supply from the sector. The market has already absorbed Eu750m from TDC this week and Eu8bn plus is expected soon from Deutsche Telekom. DT named Citigroup/SSSB, Deutsche Bank and JP Morgan on Wednesday as lead managers of its Jumbo offering. The deal is expected between the announcement of its results on April 23 and an annual shareholders meeting at the end of May. Bankers confirmed the borrower is considering issuing in both dollars and euros. The company will be looking to refinance up to Eu16bn this year, Eu11bn is from maturing bonds.