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Toll road operator Abertis's Eu3.5bn loan, via Barclays, La Caixa, HSBC, JP Morgan and Royal Bank of Scotland will close next week.

Rating: Aa3/A/A+

SEB and Svenska Handelsbanken have signed a $2.1bn revolving bridge facility for oil company Preem Group.

There was a flurry of activity in the tables this week. In league table one both Lehman Brothers and WestLB moved up two notches, to take eighth and 16th positions, respectively. Lehman's deals included a TL50m one year note for the International Bank for Reconstruction & Development (World Bank) at 12%.

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Kazakhstan's Bank TuranAlem will shortly choose two banks to arrange a $400m commodity backed murabaha facility that bankers say will be the largest Islamic deal for a bank borrower outside the Middle East. Bank TuranAlem (BTA), which initially requested proposals for a $100m murabaha with a view to raising $300m, has set banks a target of $500m to be raised on a best effort basis. Around 20 lenders were asked to bid, EuroWeek hears.

Mandated lead arrangers ABN Amro (bookrunner), Alpha Bank, Bank of Tokyo-Mitsubishi UFJ (bookrunner), Calyon (bookrunner), Citigroup, Fortis Bank, National Bank of Greece, RZB, Société Générale (bookrunner), Wachovia Bank and WestLB have signed Akbank's $500m three year deal. Arrangers are Bank Muscat, Burgan Bank, DBS Bank, Mizuho and Samba Financial Group.

Scott-Christopher Rankin has resigned as executive director of European Securitisation Forum, the trade association for the structured finance industry in Europe. He will be replaced by Rick Watson, most recently head of European Structured Finance at monoline insurer FGIC. Rankin will return to the US for a sabbatical. He joined the ESF as managing director in October 2000. Since then the ESF has, among other things, been influential in shaping the securitisation provisions of the new Basle capital accord, and has developed best practice guidelines for the ABS market. Late last year it began working with the Spanish securities regulator to improve the country's securitisation framework.

ABN Amro has completed Kazakhstan's first securitisation of residential mortgages for a subsidiary of Bank TuranAlem, which has a 20% market share.

With only one CMBS currently being marketed, and just five real estate backed deals priced since January, market participants are expecting a heavy March and second quarter for the asset class, driven largely by conduit houses. Morgan Stanley is planning several CMBS for the first half of the year. The bank's first deal will be the refinancing for the Italian Treasury's second real estate fund, Patrimonio dello Stato, for which Morgan provided Eu398m of debt financing when it was set up at the end of last year, along with Banca Nazionale del Lavoro and Banca Intesa.