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Rating: Aaa/AAA/AAA Amount: A$16m

Rating: Aaa/AAA/AAA Amount: A$135m

The Spanish utility Gas Natural this week launched its long awaited Eu1.1bn spin-off of gas distribution subsidiary Enagas. Goldman Sachs is global co-ordinator with BBVA, La Caixa and SCH handling the Spanish element of the deal. Books will be closed next Friday, with pricing to be announced on June 24.

Rating: Aaa/AAA Tranche 1: $20m

Rating: Aaa/AAA Amount: A$34m

Rating: Aaa/AAA Amount: £150m (fungible with three issues totalling £500m first launched 22/11/01)

Compiled by Stephanie Weedon, HSBC Bank plc, London Tel: +44 20 7336 3525

Rating: Aaa/AAA Amount: $2bn

F&C Management and Harbour Vest Partners (UK) Ltd have been appointed by Shropshire County Pension Fund to run two of its strategically diversified funds. F&C has been given the mandate to invest £30m in emerging market equities, starting on July 1, while HarbourVest will invest £20m in a private equity fund of funds. F&C replaces Schroder Investment Management, which had underperformed its MSCI Emerging Markets Free index. However, Phil Guy, treasury manager for the Shropshire fund, told EuroWeek that Schroders had outperformed its other benchmarks for assets invested in Japanese equities and Pacific Basin ex-Japan.

Amount: Eu1.755bn Issue price: 100.00

GECC's various fundraising exercises dominated a market weakened by falling equities this week. Success in the dollar market with a $6bn resettable, puttable FRN and a $1bn 30 year non-call five retail targeted bond resulted in a reduction of the borrower's fixed rate euro transaction to Eu2bn and the addition of a Eu1bn two year FRN. Investors in Europe took comfort from the announcement by GE that the company may not tap the euro market again this year and, if it does, it will not be until the third quarter. SCA and Renault proved that there is strong demand for corporate paper in euros, both companies achieving oversubscribed books and strongly performing deals.

Rating: Aaa/AAA Amount: $2bn (fungible with $3bn issue launched 29/05/02)