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RZB has launched syndication of Kreschatyk Bank's $20m one year loan, which comes with a letter of comfort from the City of Kiev. Three tickets are on offer: $3m for a fee of 70bp; $2m for 60bp; and $1m for 50bp.

The repatriation loan for petrochemical company Dupont will sign by today (Friday). Due to an oversubscription there will be large scalebacks. Mandated lead arrangers are Bank of America, Citigroup, JP Morgan and the Royal Bank of Scotland.

Bookrunner Royal Bank of Scotland has launched syndication of a £325m five year borrowing base facility for oil and gas company Venture Productions. A bank meeting was held in London on Tuesday and lenders have been offered a single £50m ticket. The deal, which comprises £275m of senior debt and a £50m junior tranche, pays a margin of 100bp if it is less than 50% drawn, 115bp if it is between 50% and 75% drawn, and 135bp if it is more than 75% drawn.

Just as we were about to complain that financial markets were duller than ditch water, along came Refco to remind us that even the most prestigious investment banks and law firms can be caught with their trousers at half mast. Refco wasn't large in the same way as Cargill, but it had a derring-do reputation in trading commodities and financial futures. Refco has offices all over the world, but the fact that it preferred to keep itself to itself only added to the myth of a closely held trading house which was usually one step ahead of the game.

Rating: Aaa/AAA

Rating: Aaa/AAA/AAA

Rating: Aaa

Kuwait Finance House will next week mandate eight banks to arrange its debut syndicated loan, a $500m five year murabaha facility.

La Caixa has piqued the interest of fellow issuers and covered bond bankers by launching the first foreign currency cédulas hipotecarias, a £300m 10 year floating rate note. The mortgage law governing the cédulas market is ambiguous about how closely Spanish covered bonds have to match the mortgage collateral, and until recently many market participants were unconvinced that a foreign currency trade was permissible.

Rating: AA+/AAA

Bankers involved in the Eu1.2bn IPO of satellite company Eutelsat have dismissed suggestions that the IPO is priced too high and is failing to attract investors. A price range of Eu15.25-Eu17.75 a share was announced on Tuesday. Bankers not involved in the deal, which has Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley as bookrunners, said feedback from investors had been largely negative.

Leak would like to thank the likely lads on the CP desk at UBS for an entertaining evening at Coq d'Argent in the heart of the City of London this week.