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Rating: A1/A-/A+ Amount: Sk1.5bn

Amount: ¥5.17bn Rating: R&I

Bidding is under way for the Eu30m 12 month facility for Nurbank. EuroWeek has heard that the borrower does not require the funding until November, so it is unlikely a mandate will be awarded for some time.

Carlyle's proposed takeover of Fiat Avio was jeopardised this week when Italian venture capital firm Finmeccanica and French government owned Snecma announced a Eu1.5bn bid for the aerospace company. This means the banks including Lehman Brothers that were backing Carlyle's bid could lose the mandate to arrange the debt.

Kreditanstalt für Wiederaufbau (KfW) this week pioneered the institutional callable market in euros with a Eu1bn three year non-call one transaction lead managed by Merrill Lynch and UBS Warburg. The deal sent bankers into a flurry of activity to discover which institutions had bought the issue and which borrower to pitch as the next candidate. The leads, mindful of the lack of precedents, started with a modest size of Eu500m but strong demand justified an increase to Eu750m and a book of over Eu1bn merited a final size of Eu1bn.

Rating: Aaa/AAA Amount: Nkr400m

Discussions continue between a number of banks and LG Philips LCD Co regarding the borrower's proposed $500m-plus financing. Bankers expect a mandate shortly. Kookmin Bank is seeking a US dollar facility, although bankers suggest that it has now scaled down its requirement. They say no final figure has been decided upon.

Guarantor: Federal Republic of Germany Rating: Aaa/AAA

Rating: Aaa/AAA/AAA Amount: Eu600m Landesschatzanweisung series 62

Rating: Aa1/AA/AAA Amount: Eu500m

Rating: Aa1/AAA (Moody's/Fitch) Amount: Sfr200m