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* Allgemeine Hypothekenbank Rating: A2/A-

Some 16 co-arrangers have already committed to the Goldman Sachs arranged Eu1.135bn debt backing the leveraged recapitalisation of the Elis Group, the French laundry company. The co-arrangers include five European non-bank investors committed to the Eu400m eight year bullet term loan (term 'B') - a feat the arranger claims is a first for the European leveraged loan market in that it is European funds' largest commitment on aggregate to date to a European deal. "We see them as very much part of the future of the European loan market," said one banker in London.

Chemicals company Ineos Acrylics has brought this year's tally for European non-telecoms high yield issues to six, after selling a Eu200m, 10.25% 10 year deal through Deutsche Bank and Merrill Lynch yesterday (Thursday). The bond issue repays bridge financing raised as part of Ineos's buy-out from ICI last year, which was led by Charterhouse Development Capital.

Chemicals company Ineos Acrylics has brought this year's tally for European non-telecoms high yield issues to six, after selling a Eu200m, 10.25% 10 year deal through Deutsche Bank and Merrill Lynch yesterday (Thursday). The bond issue repays bridge financing raised as part of Ineos's buy-out from ICI last year, which was led by Charterhouse Development Capital.

ING Groep has this week signed a Eu8bn Euro-MTN programme, and launched an inaugural issue of Eu1bn. ING Barings/BBL is the programme arranger and lead manager for the issue. The programme is a multi-currency facility, and ING Groep's first MTN platform. ING Groep has had limited needs for funding in the past, and has relied on single bond issues for funds. The MTN programme will be used for normal business purposes, although alternative funding sources will still be tapped.

Didn't you too have the feeling that Goldman Sach's extremely close involvement with the flotation of World Online (known to market wags as Wolly) would come back to haunt it? The relatively blameless Morgan Stanley Dean Witter was given a roasting by the once influential Lex Column in the Financial Times for its dismal handling of lastminute.com and Lex came as close as it could to calling Morgan Stanley a bunch of plonkers. However, lastminute.com was a minnow compared to Wolly, and after the resignation of the World Online chairman, and a host of less than fragrant allegations, Goldman is deep in the brown and pungent. Needless to say, some envious competitors are dancing in the street and even the normally responsible Business Week was suggesting that Goldman's comeuppance was long overdue.

India Several banks reviewing the information memorandum for the $75m five year deal for Industrial Credit & Investment Corp of India (ICICI), arranged by BA Asia, have expressed interest. Responses are due in mid-May.