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Enel Investment Holding has been added as an issuer to Enel - Societa per azioni's euro750 million ($643 million) global MTN programme. Banca IMI and Caboto-Gruppo IntesaBci were added as dealers.

A new facility has emerged this week from the busy UK pub sector, a £735m refinancing and new money facility for Enterprise Inns arranged by Deutsche Bank. The launch of the deal is expected after a shareholder meeting on June 8. The loan is split into six tranches with £425m of the facility carrying a five year tenor and £310m carrying a maturity of 15 months. The deal also includes a £60m 90 day bridge to an equity issue, which is expected after a second acquisition is made from the proceeds.

Telefonaktiebolaget LM Ericsson (Ericsson) raised the limit off its Euro-MTN programme from $2.5 billion to $5 billion two weeks ago, and has followed this up with two trades. The first note is a five-year euro2 billion ($1.73 billion) trade to be issued on May 31. The note pays interest annually and has a final coupon of 6.375%. Ericsson also issues a seven-year £

Ericsson this week shrugged off concerns over its business and financial profile to launch the largest ever Nordic corporate bond. The transaction, led by ABN Amro and Schroder Salomon Smith Barney, comprised Eu2bn five year and £250m seven year tranches.

Ericsson this week shrugged off concerns over its business and financial profile to launch the largest ever Nordic corporate bond. The transaction, led by ABN Amro and Schroder Salomon Smith Barney, comprised Eu2bn five year and £250m seven year tranches.

* Rheinische Hypothekenbank AG Rating: Aaa

* Bausparkasse Schwäbisch Hall AG Rating: AA- (Fitch)

* AIG SunAmerica Institutional Funding II Rating: Aaa/AAA

As corporate supply in the dollar global market slowed this week, Fannie Mae priced a welcome $10bn of benchmark issuance on Wednesday. The two tranches, a two year and a 10 year, were priced by leads Credit Suisse First Boston, Goldman Sachs and JP Morgan. The 10 year had the most interest, as investors who see the Fed nearing the end of its easing cycle begin to move out of shorter dated paper. The two year, which had less support in the US, generated good international interest.

Fiat has raised the ceiling off its global MTN programme from euro10 billion ($8.57 million) to euro15 billion.

Blue chip Brazilian media company Globopar took advantage of slightly better new issue conditions in the emerging markets this week to launch the first ever three year euro deal by a true Brazilian corporate. Also this week, Banco Bradesco launched a $100m two year deal via ABN Amro, and BNDES, the Brazilian development bank, is planning a $300m offering via JP Morgan and Merrill Lynch after June.

Hewlett Packard, the world's second biggest computer company, has signed a $200 million Euro-CP and certificate of deposit programme. Deutsche Bank has won the mandate to be arranger. It is the first US borrower to join the Euro-CP market this year, and takes the number of new programmes in 2001 to 10. The small size of the programme means that the issuer has only appointed two dealers. They are Deutsche Bank and UBS Warburg. Hewlett Packard also has two US CP programmes and a $3 billion Euro-MTN programme in the market. Last week the company added Banc of America Securities, Bear Stearns and ABN Amro to the MTN dealer panel. This update and the new Euro-CP signing come at a time when Carly Fiorina, Hewlett Packard's president and chief executive officer, warned of a slowdown in consumer spending in Europe. She said the company had seen a slowdown in consumer IT spending in the US and added: "We're concerned that we're starting to see the same pattern in Europe." The issuer is rated P-1 by Moody's and A-1+ by Standard & Poor's. It is only the sixth private corporate that has signed in the last 12 months to be given the top rating by both credit agencies. Hewlett Packard International Bank, the UK-based subsidiary of the company, will issue the paper off the programme. It will allow the group access to a specific short-term investor type that was not available to it with its existing facilities. Only five other issuers from the computing and software industry have Euro-CP programmes. The last to sign was Honeywell. It signed a $500 million facility in January 1999 but has no notes outstanding. The 11 notes it issued when the programme was active were all in sterling. It is the only computing firm in the market to have used the currency.