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The decision of Prada, the Italian fashion house, to cancel its IPO this week is a further reminder of the difficulties that face companies looking to raise money on the European equity markets this year. Prada's announcement on Wednesday that it was not going to go ahead with its planned Eu1.1bn offering marks the third time that the Italian fashion group has postponed a flotation on the Italian exchange. But the decision was regarded by European equity capital market bankers as the only pragmatic choice to make.

Amount: Eu1.508bn Rating: Moody's/Fitch

Rating: Aaa/AAA/AAA Amount: C$50m (fungible with C$100m issue launched 31/01/02)

EuroWeek understands that bidding is under way to arrange the $300m facility for Qatar Fuel Additives Company Limited (QAFAC). Bids are due in by today (Friday) and a mandate could be awarded as early as next week.

Renault has signed a Baa2-rated euro2 billion ($1.96 billion) Euro-MTN shelf with Deutsche Bank as arranger - giving the bank its 10th MTN arrangership this year, according to MTNWare. The dealers are Barclays Capital, BNP Paribas, Deutsche Bank, HSBC, Salomon Smith Barney, and Tokyo-Mitsubishi.

Rating: Baa1/BBB+/BBB+ Amount: $1bn global bond

Mandated arranger Bank of Tokyo-Mitsubishi has been mandated to arrange a $150m multi-tranche facility for the Central Bank of the Republic of Seychelles. Barclays Bank (facility agent) and Standard Chartered have joined as lead arrangers.

Mandated arranger Citigroup/SSB has closed syndication of the $250m three year facility for Slavneft, with signing slated for July. KBC, Shell and Glencore are underwriting arrangers, and BNP Paribas, HVB Group and International Moscow Bank (IMB) are arrangers.

Russian credits continue to prove popular as a number of Russia's most prominent borrowers are securing financing in the international loan markets. On Wednesday, mandated arranger SG launched a $250m six year facility for Gazprom into syndication. The facility is made up of three tranches.

Banks involved in the Eu2.35bn financing for Saudi Basic Industries Corporation (Sabic) are focusing on the response of Gulf-based, and in particular Saudi-based, houses in the first round of syndication. These regional banks, along with some international firms, have been invited to underwrite tickets of $150m for target holds of around $100m.

Amount: Eu150m, $100m (Euromarket/RegS/144a) Rating: Aaa/AAA/AAA

Citigroup/SSB, Commerzbank and Dresdner Kleinwort Wasserstein have signed banks into the $130m three year revolver for Iscor. The deal was closed oversubscribed, but the borrower opted not to increase the facility and commitments were scaled back.