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Mandated lead arranger ScotiaCapital has signed a £40m three year term loan (extendible by a further two years) for Lapsent Limited. AIB Group joined the deal as a joint arranger. The loan pays a margin of 150bp.

Guarantor: Land Baden-Württemberg

Who says the MTN market isn't rock'n'roll? Leak always knew there were a few crazies around but this week we saw altogether new levels of adrenalin addiction.

Deutsche Bank, EFG Telesis Finance and NBG International will today (Friday) price a Eu105m private equity fund for Taneo, a fund of funds owned by the Hellenic Republic.

Dresdner Kleinwort Wasserstein and co-lead managers HSBC this week closed an extremely unconventional collateralised bond obligation, managed by Allianz Dresdner Asset Management and Pacific Investment Management (Pimco).

EBV Leasing, a subsidiary of Erste Bank, has become the second Austrian issuer to securitise auto leases with a Eu220m transaction via Lehman Brothers.

Investors seized the opportunity to gain exposure to Portugal this week as specialist auto finance firm Interbanco came to the market for the second time via ABN Amro and BCP Investimento.

Dutch auto leasing firm Interleasing Nederlands, owned by Athlon Group, this week braved the markets with a rare Eu350m securitisation of operating leases.

Egg Banking, the online bank owned by Prudential, this week restarted the UK credit card market with its latest master trust issue, tapping demand in euros, dollars and sterling via joint leads Bank of America and Deutsche Bank.

A few banks are holding out on approving the two-year extension sought by Calpine Corp. for its $1 billion revolver that expires this Friday, according to market rumors. The identities of the holdouts could not be determined. The market for the company's "B" loan sunk into the 95 range early Wednesday morning but firmed to the 96-97 context later in the day. The bonds were softer as well.

The International Swaps and Derivatives Association has convened a meeting for Tuesday, May 20, in which credit derivatives players will vote to accept a supplement on which forms of guarantee are acceptable in standard credit derivatives documentation. ISDA has leveled an ultimatum to its members to either accept the so-called Guaranteed Obligations Supplement in its current form or bin it. One of the most contentious issues is what percentage of ownership determines whether an affiliate is a related company. The supplement says that a 10% or greater ownership stake confers affiliate status, but the protection sellers want the level to be nearer 50%.