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The seven banks that joined the $1.15bn pre-export financing for Sonangol during senior syndication will be signed in within the next few days. Mandated arrangers African Merchant Bank, BNP Paribas, Natexis Banques Populaires and SG will then launch general syndication in early May.

Banca Antonveneta has signed and issued its inaugural trade off a new Eu1bn EuroMTN programme. The Italian regional bank signed the facility through Merrill Lynch and ABN Amro. It is only the second time that Antonveneta has come to the international markets after issuing a Eu500m senior bond earlier this year.

Amount: ¥21bn Class A notes: ¥21bn

If you were lazing on a sun-kissed beach over the long Easter weekend, you may have missed the first quarter results from Citigroup. While you were dabbing a little extra Ambre Solaire around the most interesting bikini-line areas, Sandy Weill and his number-crunching line managers were burning rubber and leaving the opposition for dead. A former Morgan Stanley MD who came for lunch on Easter Sunday said: "Those numbers were truly awesome and it makes you wonder how the opposition can compete".

Guarantor: Volvo AB Rating: A3

Rating: Aa2/AA/AAA Amount: $1.5bn

Sovereign credits continue to dominate the debt markets with ERAP, guaranteed by the French Republic, raising Eu5.4bn of three and seven year securities and Italy raising $1.25bn of five year bonds. KfW issued a $750m four year transaction and Austria is expected today (Friday) with a $500m seven year issue priced in the low 70s over Treasuries. The ERAP deal, which completes the borrower's funding programme for 2003, was oversubscribed to the tune of Eu9bn and was finally allocated as Eu3bn of three year bonds and Eu2.4bn of seven year bonds.

Rating: Aaa/AAA/AAA Issue 1: A$55m

Mandated lead arrangers Lloyds TSB, Royal Bank of Scotland and WestLB have completed syndication of the £270m five year multi-currency loan for Wincanton plc. The deal comprises a £155m term loan and a £115m revolver. The margin is linked to a net debt to Ebitda grid and has an out-of-the-box price of 150bp.

Are there changes taking place at Barclays Capital, known affectionately down in the badlands of Canary Wharf as "the house that Bob built"? Friends at other firms say that we are sometimes too kind about BarCap, but there is not a competitor who doesn't admire BarCap's success, and wouldn't they love to be part of an organisation which isn't burdened with underperforming, whinging investment bankers and cash equities traders and salesmen?

Barclays Capital, Dresdner Kleinwort Wasserstein, Deutsche Bank and JP Morgan have launched the syndication of the $2.27bn loan for Xstrata. Three tickets have been offered to the market of $55m, $35m and $20m. Fees range from 65bp down to 25bp.