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Rating: A3/A- Amount: $700m (increased from $500m)

Two deals in the past week have re-opened the market for Russian corporate risk with a vengeance. Mobile phone operator VimpelCom followed gas titan Gazprom's lead, achieving a strong oversubscription for its $250m three year offering. JP Morgan and UBS Warburg attracted a book of $850m at the launch yield of 10.45%, at the tight end of price talk. "The size and diversity of the orderbook allowed price guidance to be revised down several times," said Mike Elliff, head of emerging market origination at UBS Warburg in London. "This demand reflected both strong current investor sentiment for Russia and the credibility of the management team"

Rating: B3/B Amount: $250m

UBS Warburg is sole lead arranging some Eu608.5m of senior debt backing the Cinven-led buy-out of the business and healthcare publishing assets of Vivendi Universal by a consortium of private equity investors. The consortium - comprising Cinven, Carlyle Group and Apax Partners as well as Vivendi - is buying the two businesses separately. This is because the two businesses have different cashflows and risk profiles, and keeping them apart allows the sponsors more flexibility when the assets are to be resold.

Rating: A3/BBB+ Amount: Ck400m

UBS Warburg is sole lead arranging some Eu608.5m of senior debt backing the Cinven-led buy-out of the business and healthcare publishing assets of Vivendi Universal by a consortium of private equity investors. The consortium - comprising Cinven, Carlyle Group and Apax Partners as well as Vivendi - is buying the two businesses separately. This is because the two businesses have different cashflows and risk profiles, and keeping them apart allows the sponsors more flexibility when the assets are to be resold.

RWE will today (Friday) price its Eu6bn equivalent four tranche sterling and euro benchmark ahead of a busy few weeks of corporate supply. But bankers are surprised that RWE's deal is coming at the wide end of guidance. The five year euro is now expected to be priced in the 54bp-55bp area over mid-swaps from initial guidance of 50bp-55bp, and the 10 year in the 74bp-75bp area, from 70bp-75bp. The sterling 2012s are expected to come at 105bp over Gilts, and the 2030s at 115bp over.

White & Case has added a Rome dimension to its Italian structured finance practice, hiring one partner and five lawyers from other firms. Three of the hires come from Freshfields: Corrado Rosano, a partner who specialises in tax for structured finance and M&A; Martin Pugsley, an associate, and Simone Tredicine, a tax associate.

A new financing for the Wembley National Stadium project edges forward with the UK's Football Association (FA) due to report this month to the government on the latest proposals for the £660m development. The FA is expected to submit a comprehensive financing plan to the government before it is given approval to proceed with the scheme.

Rating: Aaa/AAA Tranche 1: $205m

A good last day of last week saw 38 yen trades announced worth $203.17 million. The busiest issuers were inevitably from the financial sector, but financial repackaged borrowers were second biggest in terms of volume announced. ARV International, Earls Seven and Socrates all announced deals, the biggest of which was ARV International's ¥750 million ($5.69 million) six-year-and-five-month note. Compagnie de Financement Foncier announced its fourth yen trade of 2002 with a ¥1.1 billion 20-year deal. Hypo-Alpe Adria Bank did a ¥500 million CMS-linked trade via Credit Lyonnais. The 10-year note pays a coupon of 1.5% for the first year and then is linked to the 10-year swap rate minus the two-year swap rate + 40 basis points. And Kommunalbanken, the only local authority issuer, went for two deals with Nomura as bookrunner. The ¥2 billion and ¥1.2 billion deals go out to May 2022 and April 2027 respectively. Merrill Lynch self-led two deals for ¥1.66 billion and ¥300 million. They have respective terms of 30 years and 10 years. Macquarie Bank did six deal all for under ¥100 million and mixed between two months and four months. No pure corporates were in the market on Friday, but some corporate finance vehicles were. American Honda Finance Corp did a ¥3 billion five-year deal and Mitsubishi Motors Credit of America went for a ¥500 million three-month trade. Mitsui & Co Asia Investment did a ¥300 million 10-year trade and a ¥100 million six-month trade, while Toshiba Capital went for a ¥1 billion one-year note.

Eircom, the Irish fixed line telecoms group, is set to be the next telecoms group to adopt securitisation. Lead managers Barclays Capital, Deutsche Bank and Goldman Sachs are preparing a deal. Although the structure is being kept tightly under wraps, a banker close to the issue said that it would be a large transaction slated for launch later this year.