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The syndication of Nokia's $2bn five year revolver has closed well oversubscribed. The borrower will not take an increase and heavily scaled back allocations are being worked on.

Intermediate Capital Group plc, the UK mezzanine investment company, last Friday (May 30) launched its fifth securitisation, raising Eu324m in a transaction arranged by Deutsche Bank.

F-E Consumer Loans, Fineco Banca's securitisation of collateralised consumer loans lead managed by Dresdner Kleinwort Wasserstein and MedioCredito Centrale, is fully subscribed and expected to be launched on Monday.

The UK Takeover Panel has given the WestLB investment vehicle circling water company AWG plc a deadline of June 18 to make a firm offer or withdraw its interest.

Crédit Lyonnais is marketing a Eu615m enhanced equipment trust certificate securitisation to finance 16 aircraft belonging to Société Air France (Air France).

Caja El Monte slipped a rare securitisation of Spanish consumer loans into the market this week, just before the Barcelona Global ABS conference closed the market for issuance.

The exclusivity period for Terra Firma Capital Partners to bid for Waste Recycling Group, the UK waste management company, expired yesterday (Thursday) night without the fund having made a firm offer.

Charter Communications continued to climb this week on news that the company is pursuing an amendment that will give lenders an extra 50 basis points for their commitments. The term loan "B" traded in the 93 3/4 - 94 1/2 range on Monday before settling back down into the 92 3/4 - 93 3/4 context. Market players said the name also got a boost from asset sales, which set the value of each subscriber between $3,000-3,500. There continue to be rumors in the public markets that some type of debt to equity swap could be in Charter's future, but no concrete details could be determined.

Susumu Omori, Tokyo branch manager at Credit Suisse First Boston, has resigned for personal reasons, according to an internal memo (see below) obtained by DW. Paul Kuo, ceo in Tokyo, has assumed Omori's responsibilities, said Isamu Kajino, spokesman. Omori could not be reached. Kuo was co-head of the securities division (DW 7/21) and reported locally to Omori.

Credit Suisse First Boston (CSFB) has recruited Carlos Oyarbide from Morgan Stanley to become a managing director and head of its financial institutions group (FIG) non-Japan Asia Pacific.