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Rating: AA Amount: Sfr74.8m

Amount: Sfr250m (fungible with Sfr250m issue launched 20/03/01) Maturity: April 9, 2010

The $250m three year facility for National Bank of Egypt is due to be closed in the next two weeks. A healthy oversubscription of up to $320m is expected, but the borrower has yet to decide on an increase.

Guarantor: General Electric Capital Corp Rating: Aaa/AAA

LM Glasfiber, the Danish wind power company, pulled its Eu250m flotation yesterday (Thursday) afternoon as ECM bankers fumed over claims that investors were not yet ready to buy IPOs. Books for the offer of the manufacturer of wind turbine blades closed yesterday, but leads Dresdner Kleinwort Wasserstein and Nordea Securities cancelled the issue after it became clear that investors were unwilling to buy into what they believed was an unconvincing and risky business model.

Guarantor: General Electric Capital Corp Rating: Aaa/AAA

The latest annual report on global fixed interest funds from Standard & Poor's (S&P) has highlighted the growing value, and the new dangers, of credit. According to the report, which covers the performance of 63 funds over the year to February 1, 2002, the return of median global bond funds in different base currencies and maturities ranged from a fall of 0.9% to a gain of 4.5%. This range compared favourably with the performance of median global equities funds over the same period, which declined by 21% in the sterling group and 24% in dollars.

LM Glasfiber, the Danish wind power company, pulled its Eu250m flotation yesterday (Thursday) afternoon as ECM bankers fumed over claims that investors were not yet ready to buy IPOs. Books for the offer of the manufacturer of wind turbine blades closed yesterday, but leads Dresdner Kleinwort Wasserstein and Nordea Securities cancelled the issue after it became clear that investors were unwilling to buy into what they believed was an unconvincing and risky business model.

The $1bn refinancing for A3/A rated Coca-Cola Hellenic Bottling Company that was launched to banks on April 8 is due to close next week. One banker said that the deal lacked momentum at first, but that it had picked up in the last week.

Guarantor: Hamburgische Landesbank Girozentrale Rating: Aa1/AA/AAA

Guarantor: Hamburgische Landesbank Girozentrale Rating: Aa1/AA/AAA