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Syndication of the £800m debut multi-currency revolver for music group EMI is coming to a close. Senior co-arrangers were invited to commit tickets of £50m for 40bp flat, and co-arrangers were asked to take £35m for 35bp flat and £20m for 30bp flat.

BNP Paribas has announced the promotion of Wolfgang Engel to head of corporate banking in Germany. He will be based in Frankfurt and report to Francois Cristofari, European head of corporate banking, as of April 15, when he will also become a member of the BNP Paribas management board in Germany. "Given his profesional background, Wolfgang will help us further build our traditional banking business and particularly our investment banking franchise in Germany," said Cristofari. "His long-standing client relationships will allow us to enhance our marketing and cross-selling activities in Germany."

Guarantor: Abbey National plc Rating: Aa2/AA

Financière Agache, the French holding company, sold a tightly priced Eu1bn bond exchangeable into shares in LVMH, the French luxury goods company, on Tuesday. But despite it being seven times oversubscribed, investors and convertible analysts complained that the offering was typical of other recently launched equity-linked deals in that the issuer had tried to squeeze too much out.

Rating: Aa3/AA- Amount: Sfr50m

Compiled by Stephanie Weedon, HSBC Bank plc, London Tel: +44 20 7336 3525

Guarantor: Fortis SA/NV and Fortis NV Rating: Aa3/A+/A+

Triple-A rated General Electric Capital Corporation (GECC) this week announced plans to tap the global loan market for a $15bn credit via arrangers Citigroup/SSB, JP Morgan and Bank of America. EuroWeek understands that the deal was launched into the US market yesterday (Thursday). The deal will hit the Asian market next week with the European tranche due to be syndicated the following week.

Despite the wave of telecoms equipment jitters felt by the market this week after Moody's cut US telecommunications company Nortel Network's rating by three notches to junk status on Monday (Baa3 to Ba3), Alcatel's Eu1.5bn multi-tranche facility has closed as a blow-out success. The loan has been increased to Eu2.075bn.

The $100m five year facility for Ashanti Goldfields Corp has proved a success in the market and is due to be closed next week. The response has been so favourable that a reserve list has been drawn up.

Rating: A2/BBB+/A- Amount: Eu500m

Citigroup/SSSB (bookrunner), CSFB, Deutsche Bank and HSBC (bookrunner and agent) have clinched the mandate to arrange a $1bn debt facility for Coca-Cola Hellenic Bottling Company. The deal is split between a three year revolver that carries a margin of 30bp and a five year revolver paying 35bp.