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Rating: Ba3/B+/B+ Amount: $500m

EuroWeek understands that the National Bank of Sharjah is in talks with a number of banks to secure a financing. More details will be available next week.

UBS Warburg has integrated its corporate equity risk management team with its equity capital markets, in a further sign that ECM and derivatives are moving closer together. The bank's ECM team, headed globally by Lucinda Riches and James Garvin, will take on about 30 bankers from the equities division. The move follows recent decisions by other banks, including Merrill Lynch and JP Morgan, to closer align the two units.

UPM-Kymmene has raised the debt limit off its global MTN programme to euro3 billion ($2.74 billion) from euro2 billion.

SG is arranging the financing for the Amantaytau Goldfield project. The debt financing for the $42m project comprises a $31m non-recourse loan split between a $27m senior credit and a $4m cost-overrun facility.

Guarantor: Volkswagen Financial Services AG Rating: A1/A+

Guarantor: Volvo AB Rating: A3

German utility E.On will today, (Friday) price its Eu7.5bn euro and sterling bond, bringing to a close a week of further volatility in the credit markets. Although the high grade dollar market recovered its poise, continued turbulence in the euro corporate market forced borrowers to revise their plans. Endesa and Rhodia have both put their new issue plans on ice. Endesa's deal had apparently been to tap the sterling market for £300m-£500m of 10 year funding opportunistically, but the pressure of E.On, and RWE's poor performance since launch, put paid to the utility's plans.

Rating: Aaa/AAA Amount: $100m

Amount: Eu250m Legal maturity: July 25, 2007

The two Eu40 one year facilities for Distrigaz Nord and Distrigaz Sud were signed in Bucharest last week. Citigroup/SSSB was mandated arranger for the deal.

Amount: Eu325m Legal maturity: March 13, 2032