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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: A3/A Amount: Eu200m

Rating: Aaa/AAA/AAA Amount: $500m

The Eu40m one year bullet facility for Parex Bank has been closed this week. The deal has been heavily oversubscribed and the borrower has decided to accept the increase.

Rating: Aa1/AAA (Moody's/Fitch) Amount: $300m

London Electricity Group is due to sign a Euro-MTN programme in the coming weeks. The size of the programme will be £

Coca-Cola Enterprises has dropped Lehman Brothers as both arranger and dealer off its $3.5 billion Euro-MTN programme. Deutsche Bank, who was already a member of the dealer panel, is the new arranger.

TJ Lim, Merrill Lynch's top debt manager outside the US, is to leave in July. Harry Lengsfield, currently chief operating officer of global debt markets, will replace him.

Troubled cable operator NTL is putting its Swiss subsidiary Cablecom up for auction. Liberty Media has already offered to buy the asset. Liberty Media, which is keen to expand into Europe, wanted to buy six of the regional cable television units put up for sale by Deutsche Telekom in 2001.

BNP Paribas signed banks into $1bn 364 day revolving credit facility for Clearstream Banking on Monday. The deal was a blowout success in syndication but despite reaching an oversubscription, the deal will not be increased and banks were heavily scaled back.

Crédit Lyonnais has officially committed to join the $435m fundraising for Maxis Communications, Maxis Holdings Sdn and Maxis Mobile as a sub-underwriter. Arrangers ABN Amro, Barclays Capital, Development Bank of Singapore and Sumitomo Mitsui Banking Corp report that other banks are looking at the deal and will make a decision next week.

Compiled by Richard Favis, RBC Capital Markets, Johannesburg Tel: +27 11 784 5065