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Volumes from single-A issuers topped that of triple-As by over $68m. Of the 46 trades that went through from single-A rated borrowers, SNS bank was active in four different currencies. Along with a Eu10m one year trade, the Dutch bank issued a C$50m note, a NZ$50m trade and a Z20m issue via Citigroup/SSSB. The zloty deal goes out five years. Caisse Centrale du Crédit Immobilier de France closed notes in three currencies. Along with its Eu50m and £7m one year notes, the borrower issued a HK$200m trade through JP Morgan. The note has a coupon of 2.2% and matures on December 30, 2003.

Guarantor: Bremer Landesbank Kreditanstalt Oldenburg Girozentrale Amount: Sk500m

HSBC has released the list of banks which committed to the £200m loan for Brindley Place. Allgemeine HypothekenBank Rheinboden, Deutsche Hypothekenbank, Eurohypo, Helaba, Lloyds Bank and Westdeutsche Immobilien Bank all committed £9.5m to tranche 'A', £5.7m to tranche 'B' and £12.8m to tranche 'C'. Banks were scaled back from initial tickets of £50m for 30bp.

Rating: Aaa Amount: Eu400m

There was an upsurge of new issuance in the dollar and euro markets this week, but swap spreads closed the week wider. Not all the issuance was swapped, and weak economic data released yesterday (Thursday) in the US pushed swap spreads out in the same flight to quality that has dominated the last few months. The same occurred in euros. At the close of the futures in New York yesterday, the five year was at 57.5bp and the 10 year was at 55.5bp. "Spreads are leaking wider again," said a New York trader. These prices are up to 2bp wider than a week ago.

Rating: A1/A+ Amount: £500m

Cazenove may wish it had maintained its right to secrecy as in its first year operating under the new corporate structure the UK investment bank unveiled a disappointing set of year end results this week which saw the company suffer a £20.1m loss before tax. Cazenove's chairman David Mayhew described the year as a defining one in the bank's history, but the full effects of how damaging these results might prove to be may only be fully realised if investors get the chance to subscribe to Cazenove's anticipated flotation next year.

Royal Bank of Scotland is arranging a $147.8m senior secured facility for the El Tesoro mine. The facility along with a $36.9m loan extended by Kreditanstalt für Wiederaufbau will refinance the original $205m project financing facility, also arranged by the Royal Bank of Scotland.

Arranger SG Asia has launched a $160m five year term loan for Beijing Holdings, a wholly owned subsidiary of the Beijing municipal government, into sub-underwriting. Co-arrangers will pay an all-in of 125bp over Libor. The borrower last tapped the market in April with a $160m dual tranche fundraising. Banks earned a margin of 145bp and 118bp over Libor on the seven and five year tranches, respectively.

Rating: A2/A Amount: $850m (increased from $750m)

The $320m receivables backed facility for annual borrower Ghana Cocoa Board (Cocobod) looks set to become the biggest facility the borrower has ever secured. The facility has been oversubscribed and will be increased by $100m to $420m.

HSBC and Bank of Scotland have committed to the £90m of debt facilities backing the Elektra Capital-led buy management buy-out of Kunick. Senior debt is split between a £45m term loan 'A', a £15m term loan 'B and a £15m revolver. There is also a £15m mezzanine piece. Margins and tenors are on market.