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Rating: Aa3/A-/A+ Amount: £75m (fungible with £200m issue launched 24/02/02) upper tier two capital

Mandated arrangers Citigroup/SSSB, HSBC, JP Morgan and SEB Merchant Banking signed banks into the $1bn five year multi-currency revolver for Investor AB on Wednesday by power of attorney. The deal was oversubscribed, but not increased. BNP Paribas, Deutsche Bank, Dresdner Kleinwort Wasserstein, Svenska Handelsbanken, Morgan Stanley, Nordea and UBS Warburg joined as co-arrangers. Swedbank and Barclays joined as senior lead managers. The facility pays a margin that ratchets according to a ratings grid and is close to 30bp over Libor.

Rating: A3 Amount: Eu50m subordinated debt

The Nordic region continues to keep bankers busy. Yesterday (Thursday) the mandate to arrange the new $450m five year multi-currency revolver and $250m swingline credit facility for Sweden's Autoliv was awarded. Bidding - which was believed to mainly involve the borrower's relationship banks - was kept quiet, but the recipients of the mandate are Bank One (documentation agent), Commerzbank, SEB Merchant Banking (joint bookrunner, facility agent) and SG (joint bookrunner).

Rating: A1/AA- Amount: Eu300m

ABN Amro Bank (Taipei), Bank of Taiwan, Standard Chartered Bank and Taiwan Co-operative Bank are close to winning the mandate for a $116m seven year financing for Formosa BP Chemicals, a joint venture between Formosa Chemical & Fibres and British Petroleum. Proceeds will finance the purchase of equipment and machinery associated with the construction of a new plant as well as providing some working capital.

Rating: A2/A- Amount: Eu200m lower tier two capital

Rating: Baa1/BBB+ Amount: Ck260m (fungible with Ck400m issue launched16/04/02)