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SEVERAL key figures in the loans market have switched roles this week with more set to follow. Ian Adams, who has led BNP's Hong Kong office and also chaired the Asia Pacific Loan Market Association, is heading back to London. He is tipped to be global head of syndications at Crédit Lyonnais.

Syndication of Investcorp's $350m loan has closed. The facility is arranged by Chase Manhattan and Deutsche, and was launched at $300m. It was increased after the first round of syndication, and an extra $94m was raised in general. The commitments of Chase Manhattan and Deutsche have been cut from $25m to $11.3m.

* BMW US Capital Corp Guarantor: BMW AG

France Arranger Crédit Agricole Indosuez is signing up the syndicate for mailroom equipment supplier Neopost.

* Den norske Bank AS Rating: A2/A

* IBM Corp Rating: A1/A+/AA-

YES TV stepped bravely into a turbulent market this week with a £200m techMark IPO that battled to defy the technology sell-off. The Robert Fleming-led deal kicked off on Monday as tech stocks worldwide tumbled. To add to the panic, on Wednesday the London Stock Exchange experienced its worst technology failure since the launch of new software in 1996 with a shutdown that postponed opening until late afternoon.

LEHMAN Brothers has begun a consolidated hiring push in Europe, taking on a plethora of professionals to beef up its debt capital markets operations, its equities business and its M&A capabilities. Philip Benussi, Oliver Frieser, Tanguy Boullet, Kriss Bush, Patrick Schartner and Patricia Hamzahee have joined the bank's European debt capital markets division, reporting to Benoit d'Angelin, managing director and head of European debt capital markets.

Jordan Bank bids are due in next week for the arranging mandate for the financing of the network build out of Jordan's second GSM mobile telecoms licence by the MobilCom consortium. Around 12 banks are understood to be preparing bids.

Competitive local exchange carrier CompleTel Europe made the most of difficult markets yesterday (Thursday) with a Eu200m offering of 10 year bonds via Goldman Sachs. The deal was reduced due to continuing volatility among technology stocks, but by taking advantage of a recovery on Nasdaq on the day of pricing, CompleTel was able to increase the revised transaction size.

Co-ordinators BOCI Capital, BNP Paribas (Hong Kong), Barclays and HSBC Investment Bank Asia have extended the deadline for commitments for the $12bn fundraising for Pacific Century Cyberworks until midnight tonight (Friday) Hong Kong time. The deal has already received substantial backing and the co-ordinators say it is heading for a tremendous oversubscription. Most of the commitments so far received have come in at the top level, encouraging more banks to commit.

* A team of six analysts and one sales specialist are joining Salomon Smith Barney from Dresdner Kleinwort Benson to form an equity research team to cover the utilities sector. They will report to Richard Dale and Michael Crawshaw, managing directors and co-heads of European equity research. Tony White joins as a managing director. He was global co-ordinator for utilities research at DKB. Peter Atherton will join as a director. Guy Farmer marketed pan-European research for DKB and will join as a director. Daniel Martin and Martin Young join as European utilities analysts. Simon Edric has been appointed vice president and Sven Strasser joins as an associate.