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Bulgaria BayernLB will close syndication of the Eu10m 364 day facility for First Investment Bank next week the EIB, carries a margin of 350bp over Euribor.

The European Investment Bank this week established itself as one of the premier international names in the global dollar arena by providing investors with a $3bn five year bond, the bank's third dollar global this year and its largest dollar issue by a margin of $1bn. At the same time, the EIB achieved its goal of increased penetration into the US investor base, placing around one-third of the paper in the States.

European Investment Bank signed a Skr30 billion ($2.89 billion) domestic bond issuance programme via ABN Amro on August 22. The dealer panel is the arranger, Danske Bank, Handelsbanken Trading, Nordea, Schroder Salomon Smith Barney, SEB and Swedbank. The issuer plans to launch three maturities under the programme, building each up to around Skr10 billion.

* Bayerische Handelsbank AG Rating: A+

The euro primary market is set to catch fire in September, with investors and borrowers returning from their summer holidays facing a frenzy of primary market activity, which, according to debt capital markets officials, could see over Eu25bn of corporate issuance hit the market.

The euro primary market is set to catch fire in September, with investors and borrowers returning from their summer holidays facing a frenzy of primary market activity, which, according to debt capital markets officials, could see over Eu25bn of corporate issuance hit the market.

Buhrmann, the Dutch office supplies company, has been cleared of misinforming investors at the time of its Eu690m secondary offering in March. Buhrmann had faced criticism when it stunned investors in April by announcing that earnings per share for the first three months of 2001 would be 20% lower than the year before.

The European LBO market is bracing itself for an unprecedented number of sponsor driven transactions that are due to hit syndicate desks over the next four weeks.

The European LBO market is bracing itself for an unprecedented number of sponsor driven transactions that are due to hit syndicate desks over the next four weeks.

* Caisse d'Amortissement de la Dette Sociale Rating: Aaa/AAA/AAA

Euro volume took a boost yesterday - mainly down to one large trade. Westdeutsche Landesbank Girozentrale concluded a euro1 billion ($913.13 million) note. The seven-year note pays interest annually. Westdeutsche Landesbank Girozentrale also acts to lead-manage the note. Bank of Scotland Treasury Services is set to issue a euro80 million note that matures on September 30 2002. The note pays interest singularly. Credit Lyonnais Finance (Guernsey) was a frequent issuer, but went for considerably smaller volumes. It issued three notes - one for euro0.12 million and two for euro1 million. The smaller size note pays interest annually and has a final coupon of 9.200%. It has a two-year tenor. The two euro1 million notes both mature in July 2003. Barclays Bank traded its second note in two days. The euro25 million note has a zero interest payment frequency and matures on November 2 2006. Islandsbanki closed its first euro trade of the month - a euro10 million MTN that pays interest annually. The note has a tenor of three years. Westland/Utrecht Hypotheekbank concluded the shortest-dated trade - a euro25 million note that matures on February 28 2002. The note has a single interest payment frequency and a final coupon of 4.178%.

Euro volume was at its lowest level for a long time yesterday, with no trades exceeding euro25 million ($22.61 million). BNP Paribas concluded the smallest trade - a euro2 million note that is issued on September 10. Both Bayerische Hypo-und Vereinsbank and Royal Bank of Scotland traded euro5 million notes. Bayerische Hypo-und Vereinsbank's note matures in nine years, pays interest annually and has a final coupon of 3.000%. Royal Bank of Scotland's issue matures on November 16 2009. SNS Bank Nederland concluded a six-year euro25 million note that is issued on November 30. The note pays interest singularly. Earls almost matched that figure, with a euro24.37 million note that pays interest singularly and has a final coupon of 5.260%. HSBC Investment Bank (Netherlands) is set to issue a euro20 million note that matures on 26 August next year. There was also two euro10 million notes traded. Barclays Bank's trade matures on September 13 2006. Links Finance's note matures on September 20 next year.