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KeyCorp has increased the limit off its $7 billion Euro-MTN programme to $10 billion. IBJ and Merrill Lynch have been dropped from the programme. Bank of America Securities and HSBC have been added to the dealer panel.

Kommuninvest has issued a ¥500 million ($4.14 million) note that goes out to July 2026. The trade pays a final coupon of 4.7% and will be issued on July 9 2001. It is the issuer's 22 yen trade since the beginning of June this year. Kommuninvest's last yen trade was also a ¥500 million note that went out to 2026. The note, which pays interest semi-annually, pays a final coupon of 4%.

Chile Arranger and underwriter SanPaolo-IMI has completed a $100m 18 month refinancing and increase for Endesa Chile.

Borrowers and investors came from all over the world to gather at the Global Borrowers and Investors Forum, held in London's Hilton hotel this week. Among the names in the MTN market were Islandsbanki's Bill Symington, CNCEP's Cyril Bonnet and SEK's Johanna Clason. And it seems like the freebies are getting better every year. Of course the pens didn't work and the chocolates melted in the bottom of the carrier bags, but the umbrellas were useful, given that the weather was scorching, and HSBC's alarm clocks went off a treat - right in the middle of the discussion panels. These interruptions didn't stop the delegates from being very polite to each other whilst on stage, although tempers frayed by Thursday lunchtime, as one delegate pinched someone else's seat and was told to "S*d off!" Leak warns of some dubious characters that have conned their way into the MTN market this week via the Bloomberg directory. Dot Cotton, the chain-smoking granny from UK soap opera Eastenders, has infiltrated the screens and posted her photo in the slot reserved for HSBC's Evie Christodoulidou. And Fergus Kiely from the same bank has had his Bloomberg space hijacked by Derek "Del Boy" Trotter - the dodgy marketstall trader from UK TV sitcom Only Fools and Horses. Leak has put two and two together and concluded that it must have been Del Boy that sold the alarm clocks to HSBC.

Sampo Bank has replaced Leonia Bank as the named issuer on its $1.5 billion Euro-CP programme. The dealers and arranger are unchanged.

Deutsche Telekom (DT) has announced that it is selling its remaining broadband assets to Liberty Media of the US. The company will sell full ownership of six of the regional cable television units to the US company. Liberty is thought to need up to Eu2bn to fund the purchase, which should be finalised in July, and will be turning to the loan market to fund this. However, the deal is in very different shape to its original form earlier this year when DT signed a letter of intent to sell its remaining cable assets to an investment partnership organised by Klesch & Company, a London-based equity firm, and Liberty.

Lufthansa became the first German corporate for six months to launch a true equity-linked bond last Friday, a Eu250m exchangeable into Spanish travel reservation company Amadeus, issued via UBS Warburg. "The deal is the first for several weeks that has traded up and stayed there," said a banker close to the deal. As of yesterday (Thursday) afternoon, the deal was trading at 101-101.5, after being issued at par.

The Loan Market Association (LMA) has set out a paper detailing guidelines for best practice in certain areas of transferability. The move comes in the light of what the association perceives as the deterioration of transfer clausing in facility agreements.

Merrill Lynch launched an unusual convertible yesterday (Thursday) for Pearl Holdings, a vehicle owned by private equity investor Partners Group. The Eu160m deal carries a wrap from European International Reinsurance Company, a wholly owned subsidiary of Swiss Re, which enables it to be rated AAA by Standard & Poor's. Investors' money will be invested by Partners Group into 60-70 private equity funds across the world. "Investors are exposed to the upside of private equity, but have the protection of the reinsurance contract," said a banker who worked on the deal. The convertible is a tap of a Eu485m deal issued last September by DGZ DekaBank.

Abu Dhabi Banks backing the three finalists for Abu Dabi's third independent water and power project, Shuweihat, are waiting for the winner to be announced.

* Veteran structured finance rating analyst Dominic Swan has left Moody's for HSBC, where he will set up and head a structured investment vehicle (SIV) business. SIVs, or bond arbitrage vehicles, are triple-A rated off-balance sheet companies which buy highly rated bonds, especially asset backed securities, and finance themselves by issuing commercial paper and MTNs.

Municipality Finance has revamped its euro2 billion ($1.71 billion) debt issuance programme by dropping Morgan Stanley as arranger and adding Schroder Salomon Smith Barney. Morgan Stanley is also dropped from the dealer panel, as are JP Morgan and UBS Warburg. ABN Amro, Barclays Capital, CDC IXIS Capital Markets, Dresdner Kleinwort Wasserstein, Merrill Lynch and Nordea are added to the dealer panel.