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

n Ford Motor Credit Rating: A1/A

n Export Finance & Insurance Corp (EFIC) Guarantor: Commonwealth of Australia

Asia n PUMA Masterfund

n Export Development Corp Rating: Aa1/AAA

n Kommunekredit Rating: Aaa/AAA

n Martin Cardoe has been appointed director of marketing, global corporate finance, at Arthur Andersen. He joins the professional services firm in London from Goldman Sachs where for the past six years he has been co-ordinating European corporate communications and media relations for the recently floated group.

EUROPE'S largest non-recourse financing for a toll road was closed and signed today (Friday) on behalf of the Aenor consortium which will design, build, finance and operate the 170km Northern Concession toll road under a 30 year agreement. Arrangers and underwriters of the debt facilities for the Eu1.3bn project are Banco Espirito Santo e Commercial de Lisboa, Banco Mello, Banco Pinto & Sotto Mayor and BPA-Banco Português do Atlântico.

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

Egypt Bank of New York, Bank of Tokyo-Mitsubishi and WestLB have wrapped up the co-arranging phase of the $150m three year term loan for Commercial International Bank (Egypt) SAE.

NESTLE SA is set to make its first foray into the Euroloan markets with a Eu600m 364 day back-up facility that is arranged by Citibank. The triple-A rated company will use the credit as a back-up for its new Eu4bn global commercial paper programme which will be launched in late July or early August.

ZAGREBACKA banka has extended the maturity of its three year facility by an extra year to escape paying a reserve requirement to the National Bank of Croatia. Three quarters of the original syndicate have joined, raising about Eu140m for the extension. The original 1997 facility for DM400m has also been redenominated into euros (to nearly Eu200m). The margin rises from 50bp to 150bp over Libor from June 1999, and to 225bp from June 2000. It will move according to the rating of the borrower. There is also a flat extension fee.