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EuroWeek understands that a group of banks will be awarded the mandate to arrange a new debt facility for Standard Bank (London) over the next week. Standard Bank is looking for a three or five year loan.

Globals * Boeing Capital

One fifth of the market was issued in US dollar and private corporate issuers, Siemens Capital Corp and GE Capital Australia, made up the biggest share in the currency for a change. Siemens closed a $50 million two-year FRN via Barclays Capital. The trade is non callable and pays 3m $Libor +8bp. And GE Capital Australia issued a $150 million three-year trade. The majority of other issuers were private banks. At the short end HSBC Bank closed a $1 million three-month note that pays a final coupon of 11.250%. And HSBC Bank USA issued a $1.76 million three-year note that pays a final coupon of 3.000%. Freddie Mac, UBS (Jersey) and Societe General were in the four- to seven-year sector. Freddie Mac's $20 million four-year note pays interest semi annually and a final coupon of 4.100%. UBS (Jersey) closed a $30 million six-year note and Societe General issued two seven-year trades, both for $30 million. There were two trades in the 10-year sector. Deutsche Bank SPV, Earls, issued a nine-and-a-half-year note for $4.5 million due to be settled on December 3. And Lloyds TSB Bank closed a $10 million 10-year note that pays a final coupon of 4.400%.

* Woori Finance Holding Co Ltd Amount: $150m

Vattenfall has raised the debt ceiling off its Euro-MTN programme to $6 billion from $4 billion. Commerzbank, Dresdner Kleinwort Wasserstein and SEB Merchant Banking have been added as dealers, while JPMorgan has been dropped from the dealer panel.

CVC Capital Partners is seething after losing out to trade buyer Norsk Hydro in its bid to acquire VAW Aluminium AG from E.ON. CVC's bid, thought to be in the region of Eu2.3bn, was supported by a debt package of about Eu2bn from CIBC, CSFB, Deutsche Bank, Lehman and UBS Warburg.

The round of rate cuts in the US, Europe and the UK this week provided markets with a much needed boost, sending government bonds in all three regions lower and encouraging issuers to revive borrowing plans to lock into the low rates available. The Eurodollar market was dominated by a $1bn five year inaugural dollar bond from CDC IXIS and the success of the issue is expected to prompt further highly rated issuance.

Austria Mandated arrangers Dresdner Kleinwort Wasserstein, JP Morgan and WestLB have signed the Eu690m reduced credit for Connect Austria. The deal was cut from Eu1bn.

Wolters Kluwer, the Dutch publisher, took advantage of a lack of good at-the-money exposure in the market when it completed its tightly priced Eu700m convertible issue on Tuesday. As was evident from Pinault Printemps-Redoute's Eu1.4bn issue last week investors are desperate for new issues with good credit ratings and a delta of around 40-50. "Hedge funds are very short of opportunities," said Adrian Hope, head of equity-linked research at Jefferies International.

Woolworths Group plc this week priced its £100m senior notes issue tighter than expected, paying a coupon of 8.75% rather than the 9.00%-9.25% originally projected. The UK general retailer is effectively a cross-over credit. Its five year senior notes rank pari passu with its bank debt, which Moody's rates at the lowest investment grade of Baa3, and while there is no rating from Standard & Poor's, the notes have been priced in the double-B speculative grade range.

The forty trades announced yesterday in yen were issued by 12 different nationalities. Although the Japanese issued the most and the biggest notes, the Swedes were involved, as were the Canadians and the Danish. Sumitomo Chemical (UK) did a ¥10 billion ($82.23 million) note that matures in October next year. It has a fixed coupon of 0.12%. Mitsui & Co (USA) announced a ¥3 billion and a ¥1 billion trade. The first goes out to November 2002, the3 second to May 2014. And Hitachi International (Holland) did a ¥2.5 billion 6-year note that pays 0.65%. DaimlerChrysler Coordination Centre, World Bank, KfW International Finance, Kommunalbanken and SEK all issued notes via Salomon Smith Barney. None of them was for more than ¥1.1 billion however, but they did vary in tenor from one month to 30 years. Eksportfinans announced a ¥500 million 20-year note. It is a Bermuda callable, in annual intervals, and has a power reverse dual currency structure. Kommunekredit also did a ¥500 million 20-year note, and Salomon Smith Barney was the bookrunner. It has a fixed coupon of 3% for the first year, when it then becomes callable and a PRDC. Kommuninvest I Sverige went for a ¥220 million trade via Tsubasa. It has a similar structure to Kommunekredit's note: a fixed coupon of 4.5% for the first year, when it then becomes callable and a PRDC. Province of Manitoba has issued two notes this month, both in yen, after a break from the market of over a year. The latest is a ¥1 billion 15-year trade that pays a fixed coupon of 2.03%. And the Republic of Austria did a ¥3 billion 30-year trade. It pays 4%.

Yen is up to the level of trading that it was two months ago. The daily average for the last few days has been about 40 trades, though this is still concentrated in the high-grade credits, and sizes average around ¥1 billion ($8.22 million). A few new names were about yesterday too. Republic of Austria has come to the yen market for the fourth time in two weeks and fourth time this year, with a ¥1 billion 15-year note. And BAWAG, the only other Austrian issuer announcing a deal, came back to yen after a few trades in euro and US dollar. Its ¥500 million note goes out to November 2016 and pays a fixed coupon of 3%. Investor made its 2001 debut in yen with a ¥500 million four-year trade. It is the issuer's third note of the year, the other two being denominated in euro. And Islandsbanki-FBA announced its 21st deal of the year with a ¥500 million two-year trade. Its fixed coupon is 0.01%. Oresundsbro Konsortiet, the Swedish triple-A public corporate, did its first trade of 2001 yesterday too. It was a ¥1 billion 10-year deal.