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American International Group yesterday (Thursday) reached a record $1.64bn settlement with regulators, resolving allegations of accounting fraud and bid rigging, made by New York attorney-general Eliot Spitzer.

Rating: Aaa/AAA/AAA

Rating: Ba1/BB+ (Moody's/Fitch)

The front end of the euro swaps curve steepened this week, particularly in the 2s/5s. The 2s/10s rose from around 50bp to 54bp on Tuesday and hit a high yesterday (Thursday) morning of 55bp, before falling back to close at 53bp.

After weeks of anticipation, General Electric Capital Corp brought its first Mexican peso deal of the year this week, a Ps1bn ($94.9m), 10 year transaction paying a coupon of 8.3% and led by Merrill Lynch and Credit Suisse. Rentenbank also brought a 10 year trade, a Ps500m bond paying 8.5% and led by UBS and TD Securities. Merrill Lynch also led last month's Ps500m five year trade for the Province of Quebec, and there are similarities between the deals. Like the Quebec bond, the GECC transaction was sold heavily into the Mexican domestic market as well as the European investor base, confirming that peso trades are not brought simply to answer the retail sector's demand for high coupons.

Rating: Aaa/AAA

Rating: Aaa/AAA

Private equity sponsor Terra Firma is considering a recap on Tank & Rast, the German motorway rest area company.

Packaging company Bischoff Klein's Eu80m loan via WestLB should close within the next week. It is split into an Eu65m five year and Eu15m seven year facility. The margin on both tranches has a floor of 80bp and a ceiling of 225bp and is linked to a grid based on leverage.

Goldman Sachs is understood to have promoted Marco Milos to head its newly restructured EMTN desk in London.

Guarantor: HBOS plc