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Rating: A1/A Amount: £175m tier one TOPICS

With mandates becoming scarce and bulge bracket firms prepared to cut fees to win them, smaller MTN houses would be forgiven for writing off their prospects for the rest of 2002. But ABN Amro and Commerzbank at least believe they can continue to service clients, with or without league table kudos. Chris Newlands and Adam Grossman talk to the two teams to find out their views on the market leaders and ask how the market has changed over the past 12 months.

Rating: A2/A Tranche 1: $800m (increased from $750m)

Mandated arranger Standard Chartered has closed syndication of the $350m credit for Sociedade National de Combustiveis de Angola (Sonangol). The deal will be signed on August 20. Citigroup/SSB, BayernLB, HVB Group, Standard Bank and Natexis Banques Populaires joined in senior syndication and a further 12 banks joined during general syndication.

Rating: Aa3/AA- (Moody's/Fitch) Amount: Eu50m

Rating: Aa3/AA- Amount: $100m

Rating: Aa3/AA- Amount: $100m

Amount: Eu1.382bn Legal maturity: February 28, 2011

The $200m three year term loan for MIM Holdings, arranged by National Australia Bank, Citigroup/SSB and Westpac Banking Corp, is progressing well. The borrower is an international mining and mineral processing company whose major products are copper, coal, silver and gold.

Amount: £100m Rating: Aa1/AA

Rating: Aaa/AAA/AAA Amount: $150m

What is happening at Cazenove, the small, but socially perfect in every way, agency brokerage house? Friends who have recently passed by the firm's offices in Tokenhouse Yard, off Moorgate, reported a definite smell of cordite in the air. Had someone been shot or were the partners simply getting in some practice for the opening of the grouse shooting season on August 12? Well, now we know. Before you could say, "What really happened to Tom Schock and Joan Beck?", the unlucky David Verey was no longer on his high perch. This leaves David Mayhew in complete control, but the firm in some disarray.