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The Eu150m five year facility for Rautaruukki is due to be signed in the next two weeks. The deal was oversubscribed and is due to be increased to Eu200m.

Citigroup/SSSB completed a Eu250m placement in Stora Enso, the Finnish forestry company, yesterday (Thursday) afternoon on behalf of the Finnish government. The deal, which was launched after the close in Finland, consisted of 17m shares priced at Eu14.7, less than a 1% discount to yesterday's close. The offering represented 2.3% of the company and was the second sale that Citigroup/SSSB has conducted in Stora Enso on behalf of the government this year. In March, some 23m shares in the forestry group were sold at Eu14.15 per share.

Amount: Eu1.335bn Legal maturity: December 7, 2007

Rating: A3/BBB+/BBB+ Amount: Eu750m

Arrangers HSBC and Commerzbank will close the $100m three year facility for United Bank of Kuwait (UBK) next week and signing will take place soon after. The deal was oversubscribed by $10m but the borrower will not be accepting the increase.

Landsbanki Island has added CDC IXIS Capital Markets to its $1 billion Euro-MTN programme. It is the second Euro-MTN programme CDC IXIS Capital Markets has been appointed to this year.

The £1.5bn loan for Land Securities was launched into general syndication yesterday afternoon (Thursday). Barclays Capital (joint bookrunner), Citigroup/SSSB (joint bookrunner), Lloyds TSB (joint bookrunner, documentation, facility agent), and the Royal Bank of Scotland (joint bookrunner) are lead arranging and underwriting the three year deal.

In Riga today (Friday) mandated arrangers ING and Standard Bank will sign 15 banks into the Eu40m five year facility for Parex Bank. The deal has received an oversubscription and will be increased to Eu55m.

Landeskreditbank Baden-Wurttemberg has tripled the size of its debt issuance programme from euro5 billion ($4.69 billion) to euro15 billion. It has issued just two notes so far this year, but has over $2.5 billion outstanding.

There has been a bit of movement in the market recently. Bill Blain, an MTN trader at Bear Stearns, recently parted ways with the bank. His future career has yet to be disclosed. Bill will be remembered by many as a colourful character. His most glorious moment apparently came several years ago at an issuer rally-driving party, when he jumped in at the wheel of a racing car, only to blow the engine 100 metres down the track. The market could do with a few more characters willing to blow a gasket, and there may be several at SNS bank's car-racing day in Amsterdam this weekend. World Bank's Gumersindo Oliveros has left the funding desk. Leak suspects he was worried about not receiving a big enough pension when he retires, because he has gone to run the World Bank's pension scheme. And BNP Paribas has announced a new face on its credit derivatives team. No doubt the new trader (Manish Chandra who was one of the five bankers who left Barclays after spending £44,000 at a swanky London restaurant in February) will be a popular companion for lunch, especially if he is paying.

Links Finance Corporation has slim-lined the dealer panel off its $5 billion Euro-MTN programme. It has dropped ABN Amro, Bear Stearns and BNP Paribas. Goldman Sachs is the only bank to be added to the panel at this update.

Amount: Eu3bn Legal maturity: July 29, 2010