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Barclays and Royal Bank of Scotland have won the mandate to arrange a £200m revolver for hotels group De Vere. This will be a debut facility for the group and will be used for general corporate purposes. The group, formerly known as Greenalls Group, in 1990 gave up brewing to concentrate on the pub business.

Demand for agencies and supranationals built to a frenzy this week as investors sought relief from volatile corporate and equity markets. Fannie Mae's new $5bn five year Benchmark Note was highly successful, creating a favourable backdrop for KfW to issue $2bn of five year global bonds. With the five year Treasury rallying 30bp in the last three weeks, top rated credit product looks increasingly attractive to investors and more issues may follow next week.

Globals * Countrywide Home Loans

Demand for agencies and supranationals built to a frenzy this week as investors sought relief from volatile corporate and equity markets. Fannie Mae's new $5bn five year Benchmark Note was highly successful, creating a favourable backdrop for KfW to issue $2bn of five year global bonds. With the five year Treasury rallying 30bp in the last three weeks, top rated credit product looks increasingly attractive to investors and more issues may follow next week.

* Instituto de Credito Oficial Guarantor: Kingdom of Spain

Austria The arrangers on the Eu1bn facility for Connect Austria/One say the loan is proceeding well in syndication following a bank meeting held in Vienna last week.

Westhyp Finance has added WGZ-Bank as a dealer to its euro15 billion ($12.82 billion) debt issuance programme.

Westland/Utrecht Hypotheekbank has issued three yen trades with tenors of 10, 12 and 30 years. The 10-year note, for ¥300 million ($2.41 million), pays interest quarterly and pays a final coupon of 1.5%. The 12-year deal, for ¥4 billion, pays interest semi-annually and the final coupon pays 1.8%. The 30-year trade pays a final coupon of 5% and interest is paid annually. All three trades are due to be issued in early July. Although Westland/Utrecht Hypotheekbank's core MTN funding has been in euro and US dollar, yen has provided an important pocket of opportunity for the borrower and it has tapped Japan over 70 times this year, accounting for over eight per cent of its funding.

* General Electric Financial Assurance Rating: Aa3/A+

Deutsche Bank's real estate private equity group this week refinanced its Eu773m acquisition and leaseback of 12,800 staff homes from Electricité de France with a Eu743.7m securitisation. EdF has divested the homes to redeploy capital in its core business. Last December the Deutsche group bought EdF's real estate subsidiary, SELEC, after a tight competition with Nomura.

The Dutch mortgage backed market came to life this week as two established ABS issuers, ASR Bank and SNS bank Nederland, sold almost Eu2bn of MBS between them. More is to come, with deals on the way from NIB Capital Bank and insurer Delta Lloyd - each worth Eu900m. Merrill Lynch and NIB will lead Dutch MBS IX, while Delta Lloyd has picked ABN Amro to launch its second offering.

Westdeutsche Landesbank Girozentrale (WestLB) launched its first securitisation of its own mortgage book this week, transferring the risk of almost Eu1.5bn of its German residential mortgages into the capital markets. The bank is embarking on a programme of securitisation to obtain regulatory capital relief. Future deals, which are expected to come later this year, may be backed by other assets such as corporate loans, emerging market debt or commercial mortgages.