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Italian bankers have started work on potential offerings from Eni and Enel, the state owned utilities, as the Italian government aims to kickstart its privatisation programme. Following comments from prime minister Silvio Berlusconi and Treasury director general Domenico Siniscalco, bankers were unclear how the deals might be structured.

Rating: B2/B Tranche 1: Eu350m

Barclays is arranging a £250m five year facility for space management company Mentmore Abbey. The deal is split between a term loan and a revolver. Close relationship banks have been targeted in a limited selldown.

Guarantor: a triple-A rated US monoline insurer Amount: $250m

Hermann Watzinger next month joins ABN Amro as head of global financial markets (GFM) in Germany. He left Merrill Lynch in July as management changes continued to unfold in the bank's structured finance business. His new role covers all fixed income, treasury and structured finance activities. He is also a member of the 10 strong German country management committee, which oversees all of ABN's wholesale banking activity in the country.

Deutsche Bank has scooped the arrangership for Sumisho Lease's $1bn EuroMTN programme. The mandate keeps Deutsche far ahead in the arrangers league table for this year, six ahead of its closest rival, JP Morgan. Sumisho Lease's dealer panel consists of Deutsche Bank, Citigroup/SSSB, Daiwa Securities SMBC Europe, Goldman Sachs, Nomura and Tokyo-Mitsubishi.

Jörg Illhardt, the European head of equity syndicate at Deutsche Bank, has quit his position at the bank. The last two years of declining stock markets look to have taken their toll on Illhardt, who has been at Deutsche Bank for the last 18 years. Illhardt cited a desire to spend more time with his children as the reason for his departure. He officially leaves today (Friday), but is expected to remain in close contact to smooth over the transfer. Sam Dean, the head of the London equity syndicate, will take over Illhardt's responsibilities in Germany.

MyTravel Group has mandated Bank of America, Citigroup/SSSB, Deutsche Bank and Nordea to arrange its new £250m 3-1/2 year revolver. The facility carries a margin of 60bp over Libor and offers a 5bp utilisation fee if more than 50% of the facility is drawn. There is also a 27.5bp commitment fee.

Commentary Mizuho has re-entered table one and Deutsche Bank is clawing its way up table two. Mizuho's strong week knocks Merrill Lynch out of the top 10 in table one. Much of Mizuho's business came in its strongest currency, yen. The MTN house's largest yen deal was a ¥3.1bn CMS-linked trade for Rabobank Nederland. Mizuho also placed a high number of dollar deals, including a $20m seven year step-up reverse FRN for Oesterreichische Kontrollbank. The note pays interest of 6.3% minus six month Libor until March 25, 2003 and reaches 12.8% minus six month Libor after March 25, 2009. Citigroup/SSSB extended its lead at the top of table one, partly due to its placement of KorAm Bank's debut transaction from its recently signed $1bn global MTN programme. The $200m trade reaches out 10 years and pays an annual coupon of 5.64%. Deutsche Bank has broken the monopoly on the top three spots in table two, usually held by Citigroup/SSSB, HSBC and JP Morgan. Deutsche dislodges HSBC, with its concentration on dollars, euros and yen. Münchener Hypothekenbank issued a Eu25m 10 year note via Deutsche Bank. The issue has a variable annual coupon of 5% until September 26, 2003, rising to 6% after September 26, 2011.

Rating: A1/A/A+ Amount: $500m

Guarantor: Nestlé SA Rating: Aaa/AAA

Rating: Aa3/A+/AA- Amount: Eu750m