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The troubled Scottish fund management group, Edinburgh Fund Managers, has appointed Anne Richards as its chief investment officer. The fund manager has recruited Richards from Merrill Lynch Investment Managers where she was managing director of the Alpha team, managing $15bn of funds for large segregated pension funds, charities and unit trusts.

The $50m one year facility for African Export Import Bank (Afrexim) has been launched into general syndication. Arrangers are WestLB, KBC, Natexis Banques Populaires, RZB, Standard Chartered and WGZ.

Rating: Baa2/BBB+ Amount: Eu500m

Credit Suisse First Boston and Royal Bank of Scotland have still not closed senior syndication of the $455m multi-tranche facility for Enodis. The deal was launched on March 20.

Ericsson's shares lost nearly 30% of their value this week after the telco announced plans to launch a Skr30bn (Eu3.25bn) rights issue. This will be the first major TMT balance sheet restructuring deal to take place in 2002, following jumbo issues in 2001 from British Telecom, KPN and Sonera. Ericsson's offering will be led by Citigroup/SSSB, Enskilda Securities, Handelsbanken Securities, Goldman Sachs and Morgan Stanley.

Rating: Aaa/AAA Amount: $100m

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

Houshold Finance Corp, the mortgage-lending unit of US consumer finance firm, Household International, launched a three-part tranche off its $10 billion debt issuance programme. The trades total euro2.75 billion ($2.47 billion). The transaction is broken down as a euro500 million note due May 3 2005, a euro1.25 billion note due May 4 2009 and a euro1 billion floating-rate note due May 3 2005. Salomon Smith Barney, UBS Warburg and WestLB are the lead managers. In another large syndicated deal, Rio Tinto Finance closed a euro750 million trade via ABN Amro, Barclays Capital and Morgan Stanley. The note pays an annual coupon of 5.125% and matures on May 10 2007. The note is priced to yield 53.5 basis points over 4% 16/2/2007 Bobl and 32 basis points over the swap rate. Elsewhere, Pacific Life Funding LLC went out seven years with a euro300 million note. The note pays an annual coupon of 5.500% and was led by CDC IXIS Capital Markets, Credit Suisse First Boston and Morgan Stanley. CDC IXIS Capital Markets also placed a euro100 million deal for Westfalische Hypothekenbank.

After a six year absence A1/A+ rated German automotive company Volkswagen AG is returning to the syndicated loan market for a new jumbo facility.

After a six year absence A1/A+ rated German automotive company Volkswagen AG is returning to the syndicated loan market for a new jumbo facility.

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