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Bahrain The Kingdom of Bahrain has issued an $80m five year bond, the third in a series of Islamic compliant leasing transactions.

Germany Bertelsmann, the German media group, confirmed this week that it still plans to float the company in 2005. A spokesman for the company confirmed that Gunther Thielen, the new chief executive, would continue preparing them for the IPO.

Mandated arrangers BNP Paribas, Crédit Lyonnais, Citigroup/SSSB, Mediocredito and WestLB are preparing to launch general syndication of the $800m of international debt facilities for the $1bn Nigeria LNG project within the next few weeks. So far the deal has received strong support at the sub-underwriting level where the transaction was oversubscribed. As such, the amount of debt needed to be raised in retail is less than originally planned.

Syndication of the Nkr2.38m five year multi-tranche facility for Fjord Seafood has not yet been launched and the deal has suffered some delays. Mandated arranger Nordea will launch the deal into syndication in two weeks' time.

Dutchman Maarten Pronk has become one of the most senior international figures at a Russian financial institution. He has been named first vice president of Nikoil Group, one of Russia's premier financial groups, as well as first deputy chairman of Nikoil investment banking group. In his new role Pronk will play a leading part in the integration of Industrial Insurance Company (PSK) and retail banking specialist Avtobank into Nikoil Group which already includes commercial and investment banking as well as asset management operations. "With the addition of PSK and Avtobank we are aiming to be the first true Allfinanz group in Russia," said Pronk, adding: "My role will be to efficiently manage the integration process."

Amount: Sfr300m (fungible with two issues totalling Sfr900m launched 14/11/01) Maturity: January 19, 2009

EuroWeek hears that Bank of Scotland is providing the financing for Philip Green's £770m, or 408p a share, offer for clothing group Arcadia.

The $145m four year multi-currency term loan for Philippine Long Distance Telephone, arranged by BNP Paribas, Citigroup/SSB, ING Bank and Mizuho Corporate Bank has been completed. The deal was oversubscribed and increased to $145m from $135m.

The Republic of the Philippines took the market by surprise this week with an opportunistic $300m five year issue, reinforcing its reputation as Asia's most prolific international issuer. The deal was launched after less than two days of pre-marketing, with ING acting as sole bookrunner for the Reg S transaction.

Poland yesterday (Thursday) increased its 2012 6.25% bond by $400m, after lead managers JP Morgan and Citigroup/SSB gathered an order book of more than $800m during the day. Premarketing of the tap began yesterday morning. It raises the total size of the deal to $1.4bn, following the original $1bn issue at the end of June. Bankers were aiming for an increase of $250m, but were able to increase the size after greater than expected demand.

Rating: A2 Amount: £200m

Rating: Aa2/AA Amount: C$200m (increase to C$300m issue launched 21/08/02)