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Rating: Baa2/BBB/BBB-

Rating: Baa1/BBB

European companies charged into the bond market this week with a Eu4bn hail of deals that made a stark contrast with the last three months of turbulence and sparse issuance.

European companies charged into the bond market this week with a Eu4bn hail of deals that made a stark contrast with the last three months of turbulence and sparse issuance.

Russian telecommunications company Vimpelcom has requested proposals for a $200m three year loan.

Royal Bank of Scotland has launched an $869.5m 17 year loan for OSG Nakilat Corp, a joint venture between Overseas Shipholding Group and Qatar Gas Transport Company.

Rating: Aa2/AA-/AA

Rating: A2/BBB+/BBB+

We have arrived in Sotogrande in Spain to convalesce after our hip replacement operation. Thank you to the kind EuroWeek readers who wished us well, but who reminded us that the recovery process is long and slow. We are on crutches and, although superbly looked after by house staff and ever attentive employees at the golf club and the Cucurrucho beach club, we are well aware that we are an almost useless cripple.

Lehman Brothers has cut the pricing on its all-senior recapitalisation financing for funeral services group OGF-PFG to a record low for the loan market. The fact that the bank was able to negotiate such a reverse flex while the leveraged market is showing signs of nervousness could be an indication that pricing differentiation is starting to take hold. Some bankers have predicted that with the nervousness caused by a high yield sell-off after the rating agencies downgraded automobile manufacturers General Motors and Ford to junk, pricing in the leveraged loan market might go back to the traditional European structure — 225bp for a seven year term loan 'A', 275bp for an eight year term loan 'B' and 325bp for nine year term loan 'C'.

Rating: Baa2/BBB/BBB

Senior lenders have been approached for commitments to the $75m three year loan that Mizuho is arranging for Banca Comerciala Romana.