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The five year $2bn revolver for telecoms manufacturer Nokia has been signed with no increase taken. The deal was met with strong demand in syndication with at least a 20% oversubscription.

Guarantor: Fortis SA/NV

Rating: Aaa/AAA

Banque PSA's Eu2bn five year loan was signed last week and increased in size to Eu2.7bn after attracting an oversubscription to Eu3.3bn.

Banca Monte dei Paschi di Siena (BMPS), one of the best established issuers in the Italian ABS market, came under the spotlight this week over complaints of alleged mis-selling made by borrowers in one of the bank's securitisations.

HSH Nordbank, formed last week by the merger between LB Kiel and Hamburgische Landesbank, is looking to securitise a range of its assets.

Brazil

NATS (En Route) Ltd, the company that operates the UK's air traffic control services under a public private partnership (PPP), is nearing the market with a structured bond.

The European ABS market resumed this week with a rare securitisation of collateralised consumer loans from Fin-Eco Banca.

Structured finance bankers are keenly considering the Seat Pagine Gialle telephone directories business for possible securitisation.

JPMorgan has won its court case against a U.S. hedge fund and therefore does not have to pay out on three credit-default swap contracts referenced to Argentina. Eternity Global Master Fund was claiming JPMorgan had committed fraud, negligent misrepresentation and breach of contract, according to court papers obtained by DW. "This is helpful in giving a legal interpretation to the definitions," said Simon Firth, partner at Linklaters in London. "This would also be a persuasive authority in English law," he added.