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Reports from the Asian markets this week suggest that Petroliam Nasional Berhad (Petronas) is to return to the dollar market and make its debut in euros with a jumbo international offering. Early reports suggested that the Malaysian oil and gas company is looking to launch a $3.5bn dual currency transaction in dollars and euros. At that level, the bond would be the largest non-sovereign deal from non-Japan Asia.

EuroWeek hears that the State of Bahrain is in discussions with banks for a $600m five year loan. According to one banker involved in the discussions, no formal mandate has been awarded yet although ABC, GIB, National Bank of Bahrain and Bank of Bahrain & Kuwait are said to be close to the borrower.

Rating: A3/A-/A- Amount: Eu300m

Land Berlin launched a two tranche Eu1.25bn bond on Monday, the first part of its Eu3.5bn-Eu4bn issuance programme in the public debt markets. The German state intends to raise around Eu11.2bn this year. The deal, led by Commerzbank, HSBC, HypoVereinsbank and Merrill Lynch, was divided into three and five year tranches. The first was a Eu500m increase to its Eu500m three year issue launched in February, at flat to mid-swaps, and the second a new Eu750m five year bond. The shorter piece was priced flat to mid-swaps and the five year at 2bp over.

SG has been mandated to arrange a Eu200m four year debt facility for BBB rated real estate company Befimmo. Banks have been invited to commit to the facility taking Eu20m for 27.5bp.

Amount: Eu100m Issue price: 100.00

Guarantor: Bombardier Capital Rating: A3/BBB+

Guarantor: Bombardier Capital Rating: A3/BBB+