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BNP Paribas has been added as a dealer to ICI Finance's $1 billion Euro-CP programme. The facility was signed in August 1996 via Barclays Capital and currently has $228.97 million outstanding off 11 trades.

Full year figures from Dealogic show a drop in the number of syndicated loans signed in the Euromarket to 1,096 in 2001 from 1,309 in 2000. Volume of debt dropped in the same period to $507bn from $727bn. The fall in loan volume does not show the full extent of the nosedive in lending activity since September 11 2001. The fourth quarter of 2001 was the slowest quarter on record in Europe since 1992.

Landesbank Hessen-Thuringen (Helaba) has signed a euro10 billion ($9.04 billion) Euro-CP/Euro-CD facility via Citibank. The dealers are Barclays Capital, Citibank, Deutsche Bank, Helaba, JPMorgan and UBS Warburg.

Most dealers have had a cold Christmas it seems. The ski slopes of Austria were visited by at least two of the market's MTNers. CSFB's Simon Hill, having spent 2001 either cantering through the countryside on a horse or racing around London in his Ferrari, tested his own steam with a trip to St Anton. But apparently he had to work harder than most to keep up. And Monja Blattner, the new Euro-CP originator at Barclays Capital, was also testing the slopes in Austria. No broken bones, but she is now suffering a cold. On a slightly less hectic note, Dresdner's Henry Nevstad spent most of the festive season in bed asleep. No doubt his few-month old daughter Ida will have encouraged him to wake up occasionally. But never one to let Leak down, Merrill's Dean the dog Fogg had a New Year's bash with a James Bond theme. It was more a case of Double-O No, than Double-O Seven however, as one of his friends came dressed in scuba-diving gear. IFR announced its awards before the year-end, and complimented its winners with caricatures to go with the articles. Morgan Stanley's MTNers and Deutsche Bank's CP desk are still trying to guess who is who.

Seiyu has signed a $500 million Euro-MTN facility via Merrill Lynch. The dealers are the arranger, Daiwa Securities SMBC Europe, Mizuho, NikkoSalomonSmithBarney Europe, and Nomura.

The project finance market is set for a busy year in the liquefied natural gas (LNG) sector with a number of big ticket deals being lined up in the coming months. The first LNG related deal to tap the market is the easiest credit for banks unfamiliar with this fast growing sector - the refinancing of the $1.3bn project debt for Oman LNG.

Kuwait The bank list has been released on the refinancing of the international debt facilities for Equate Petrochemical Co KSC.

Alex Woodthorpe, Merrill Lynch's head of equity syndicate in London, is to move to Hong Kong later this month to be part of the Asian equity capital markets origination team. After Woodthorpe's departure, John Millar, a managing director responsible for TMT origination in equity capital markets at Merrill Lynch, will head up the syndicate desk in addition to his existing responsibilities.

MmO2, which recently demerged from British Telecom, has put its name to a euro5 billion ($4.52 billion) Euro-MTN programme. Deutsche Bank is the arranger. The company will begin the roadshow of its long awaited £

Italy Juventus, one of the largest football clubs in Europe, priced its Eu143m IPO at Eu3.7, in the bottom half of the original range of Eu3.5-Eu4.2 on December 15. The offer closed on December 14, and trading started on December 20. The shares dropped on the first two days of trading, but since then have climbed back steadily, closing yesterday (Thursday) just below issue price at Eu3.63.