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A launch date will be announced shortly for syndication of the project financing for PKN's new plastics plant. Mandated lead arrangers are Bank of Tokyo-Mitsubishi, KBC and SG.

The $150m three year loan for Premier Oil has been closed oversubscribed. Barclays Capital and Royal Bank of Scotland syndicated the deal among a close group of relationship banks.

Private equity sponsors CVC, Texas Pacific Group and Merrill Lynch Global Private Equity are likely to widen the group of arranging banks on the debt backing their £1.72bn buy-out of UK retailer Debenhams.

The South African rand bond market was revived this week when triple-A rated Landesbank Baden-Württemberg offered a R200m 8.5% November 2010 deal. Royal Bank of Canada (RBC) led the retail transaction, which was launched on Tuesday with a syndicate of six banks.

After two years in which Europe's premier economy has been embattled and dogged by the prospect of deflation, Germany is at last showing real signs of making a comeback. IPOs are back on the agenda and the convertible product is more popular than ever before. Syndicated loans volumes are rising, there is clear political support for asset backed issuance, confidence in the Pfandbrief sector is growing and, perhaps most importantly, there are definite signs that bank and corporate restructuring is gathering momentum.

The US bond market staged a spectacular turnaround from last week's auto-induced gloom, with issuers such as DaimlerChrysler and cigarette maker Altria coming to market with blow-out jumbo transactions.

The US bond market staged a spectacular turnaround from last week's auto-induced gloom, with issuers such as DaimlerChrysler and cigarette maker Altria coming to market with blow-out jumbo transactions.

Rating: Aaa/AAA/AAA

Concorde flew commercially for the last time on Friday, October 24 and a few days earlier, Sandy Weill presided over his final Citigroup earnings presentation. For once, Weill was totally eclipsed in terms of publicity, but we suspect that he wouldn't mind on this particular occasion.

Guarantor: Banco de Sabadell SA

The $500m loan for LUKoil has been launched into general syndication. It is oversubscribed and likely to be increased to $750m at the end of syndication.

Speculation has mounted this week about the likely performance of Seat Pagine Gialle in the secondary market. Some traders are convinced the paper will trade well outside fees, with talk focusing on a price of 97 when it becomes free to trade.