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Rating: A1/A+ (Fitch) Amount: Eu750m

Rating: B+ Amount: $150m

Rating: A3 Amount: $200m subordinated debt

On the back of a Eu145m high yield bond scheduled for launch next Tuesday, Lehman will launch the £260m financing for the Royal Bank Private Equity-led buy-out of safety and transportation group Britax in May. Lehman and HBOS are jointly lead underwriting the facilities, together with ING as arranger.

The Eu700m three year facility for the Czech Export Bank (CEB) has been delayed and no arranger yet awarded a mandate, because the project for which part of the proceeds have been earmarked has been held up in the Czech parliament. At Eu700m, the facility would be the largest ever for the zero risk weighted state owned borrower and, 100% government backed, it has been generating a great deal of interest from the market.

Compiled by Holger Kron Deutsche Bank, Frankfurt

BNP Paribas this week successfully co-ordinated a Eu720m combined exchangeable and accelerated offering in Valeo, the French car parts manufacturer, as investors looked to take advantage of the rebound in the autos sector. The French bank, assisted by Crédit Agricole Indosuez Lazard and Merrill Lynch, concurrently ran the offering of a Eu375m exchangeable bond and a Eu342m accelerated bookbuild in the car parts manufacturer as Compagnie Générale d'Industrie de Participations (CGIP) exited completely from the company.

CESP, the São Paulo electricity generator, this week issued the year's first straight corporate risk deal out of Brazil when it priced a $150m three year Eurobond with a put and a call after the first year. The deal, led by bookrunner WestLB and joint lead Banco Finantia, was smaller than the $200m CESP had hoped to raise and was priced at the wider end of its 8.75%-9% coupon range.

Rating: Aa1/AA- Amount: Sfr600m