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Finland The Eu75m revolver for Aktia Savings Bank was signed last Friday in Helsinki, after being increased from Eu50m.

Lebanese cement company Société des Ciments Libanais (SCL) returned to the Euromarkets this week with a dollar transaction designed to improve the structure of its debt liabilities. Lead managed by Warburg Dillon Read, the $85m seven year bullet issue involved an exchange offer for SCL's amortising $50m 9% January 2003 issue from December 1995 - the first Euromarket offering by a Lebanese corporate - and a new money tranche. The proceeds of this will be used to restructure a $35m domestic bond by SCL with the same maturity as the 2003 Eurodollar issue.

n EBRD Rating: Aaa/AAA

n European Investment Bank Rating: Aaa/AAA

STANDARD BANK of South Africa has increased its latest facility to $225m from $175m as a result of strong support at the arranging level. Some 14 banks have been mandated as arrangers. They are Bayerische Landesbank, Bank of Tokyo-Mitsubishi, Citibank, Commerzbank (bookrunner), Crédit Agricole Indosuez, Dai-Ichi Kangyo Bank (bookrunner), Deutsche Bank (documentation agent), Dresdner Bank Luxembourg (bookrunner), DSL Bank, First Union National Bank, Gulf International Bank, Standard Chartered, Sanwa (informational, publicity and signing agent) and Sumitomo (agent).

n Bank Nederlandse Gemeenten

Corporate issuers appear ready to ignore oversupply concerns in the euro sector and are prepared to pay the significant new issue premiums necessary to ensure successful distribution in order to get their deals into the market ahead of the summer lull. Although the corporate sector has lost much of its shine in recent weeks, with many deals repriced or poorly received, the pipeline of new issues remains full to overflowing.

n ABB International Finance NV Guarantor: keepwell agreement by ABB Asea Brown Boveri

The Irish government's Eu4.4bn sale of stock in Telecom Eireann has been a roaring success, attracting an overwhelming response from the Irish public and from domestic and foreign institutional investors. The transaction has been widely viewed as one of the best European privatisation sales this year and its success has been greeted with delight by the

The Irish government's Eu4.4bn sale of stock in Telecom Eireann has been a roaring success, attracting an overwhelming response from the Irish public and from domestic and foreign institutional investors. The transaction has been widely viewed as one of the best European privatisation sales this year and its success has been greeted with delight by the

BANQUE Nationale de Paris, Barclays, Royal Bank of Canada and WestLB have received a positive response from potential co-arrangers for the £400m multi-currency revolving credit for TI Group plc, the Oxfordshire-based engineering business. The borrower has become one of the more popular credits in the loan market over the past five years, making regular visits to the market, paying accurate margins and fees and responsibly maintaining its banking relationships.