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Barclays Bank is syndicating a £140m five year acquisition facility to back Holidaybreak plc's acquisition of Eurosites from MyTravel. Proceeds will also be used for general corporate purposes.

Banks have been invited to bid for a HK$2bn five year financing for the property development project at Ho Tung Lau. Bidding groups are being formed, with ICBC Asia among those involved. The borrower last tapped the market with a HK$2.1bn five year club deal through a special purpose vehicle, Grand Creator Investment, in October this year. Two banks participated in the deal - Bank of Communications and ICBC Asia.

Guarantor: BP plc Rating: Aa1/AA+

Amount: Eu500m Legal maturity: November 2, 2013

The financial repackaged sector was the third most active industry sector, closing $673.87m from 32 trades. JP Morgan issued the greatest volume through its Corsair entities. The bank's largest transaction was a Eu100m issue by Corsair Finance (Ireland) No 2 that has an eight year tenor and pays a quarterly coupon of 1.63%. Private corporates issued over $720m via 19 trades. Daimler Chrysler Co-ordination Center closed two ¥1bn notes. One of the deals was led by Morgan Stanley and pays a coupon of 58bp over three month Libor.

The one to three year part of the curve was the busiest this week, with more than $2.5bn issued from 79 trades. Landesbank Rheinland-Pfalz was one of the busiest borrowers in this range. Along with three Sfr50m trades, the bank also closed a Sfr100m note that settles on July 7, 2004. The issue pays an annual coupon of 1.05% and was lead managed by CSFB. German borrowers were predominant at the short end of the curve, as were French names. Caisse Nationale Des Caisses d'Epargne et de Prévoyance closed a $100m trade that matures on June 18, 2004. The note pays a coupon of 1bp over three month Libor. Barclays Capital was the bookrunner. Citigroup/SSSB was the most active dealer between one and three years. Its deals included a ¥10bn two year note for GMAC Commercial Mortgage Japan.

Double-A issuance recovered after slumping last week, accounting for 36% share of this week's MTN issuance. Banque et Caisse d'Epargne de l'Etat Luxembourg was active with six dollar trades. The borrower also issued a Skr75m note with a coupon of 9.8%. The trade has a one year tenor. Landesbank Schleswig-Holstein also tapped the Swedish currency with a Skr250m note that matures in January 2008. The transaction pays a coupon of 4.5%. The same borrower also issued two notes for HK$78m, which both mature in December 2003.

Guarantor: Canada Mortgage & Housing Corp Rating: Aaa/AAA

Royal Bank of Scotland is arranging a £70m club loan for European biotechnology company Celltech.

Rating: A3/A Tranche 1: $750m

Rating: Aa3/A+ Amount: $1.4bn (increased from $1bn)

The mandate to arrange the Eu150m five year facility for Privredna Banka Zagreb (PBZ) will be officially awarded in the next few days. The three remaining bidders are Bank Austria Creditanstalt, BayernLB and Sumitomo. The deal will be launched in 2003. The protracted bidding process attracted a good deal of attention from the market as the borrower has been pushing prices to a level that many banks could not. As a result, a number of banks - including WestLB and Standard Bank and more recently Citigroup/SSSB - were forced to back away from the deal.