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JOINT arrangers ABN Amro, Commerzbank, Deutsche Bank and SG have overseen the signing of the Eu1.7bn six year multicurrency revolver for Bombardier. The deal was heavily oversubscribed in syndication, in which lead managers were offered takes of Eu60m for a fee of 12bp, managers are offered Eu40m for 8bp, and participants are offered Eu20m for 5bp.

A LIMITED general syndication of the $10.5bn acquisition facility for Vodafone is to close over the next few days, following the closure of the highly successful sub-underwriting phase last week. Banks have been asked to commit $100m for a fee of 17.5bp (blended). Secondary trading of Vodafone debt is expected to be strong - arrangers report that they have received a large number of calls from banks unable to take part in the general syndication, but anxious to hold on to Vodafone debt.

China Chase Manhattan Asia has closed the $250m five year fundraising for Kodak China Co oversubscribed but it will not be increased. A group of about 15 banks has joined ahead of signing next week.

Swiss pharmaceuticals group Roche Holdings made its debut in the fixed rate bond markets this week when it launched a $1bn 10 year offering, and defied volatile market conditions to successfully complete the transaction. Bankers said that only the rarity and special attraction of the Roche name made the deal feasible - few, if any, other corporates would have been able to launch such a large amount of unrated bonds given the poor state of the market.

FOLLOWING last week's successful flotation of Future Publishing via Morgan Stanley Dean Witter, the UK market is poised to host two more exciting IPOs. The US lead manager priced Future shares at 385p before seeing them move up to an immediate 9.35% premium. This week the shares moved up further to trade well bid at around 425p. The aftermarket support for Future shares is an encouraging sign for a market that has seen little follow-through, even for new issues that have been well bid.

France Paribas (lead arranger) and Warburg Dillon Read will wrap up syndication of the Ffr1.716bn debt facilities backing the acquisition and existing debt of Groupe Valfond by Phildrew Ventures/UBS Capital today (Friday).

Roman Schmidt has surprisingly left his position as global head of debt syndicate at Barclays Capital. Schmidt had been part of a team of experienced debt capital markets officials, including head of fixed income Robert Morrice, head of origination Abigail Hofman, and head of sales Neil Cummins, hired by Barclays Capital chief executive Bob Diamond to boost Barclays' presence in the Euromarkets. Schmidt was a high profile hire for Barclays when he joined the firm from Deutsche Bank, where he had been head of debt syndicate in Frankfurt. After 15 years in the business, however, Schmidt has decided to remove himself from the day-to-day business of investment banking - a decision which coincides with his impending marriage.

BARCLAYS and Greenwich NatWest have won the mandate to arrange a £300m multicurrency revolving credit for Old Mutual plc. The transaction, which marks the borrower's debut in the Euroloan market, will be used for general working capital purposes and will provide support for Old Mutual plc's growth plans.

LEAD MANAGER Nomura is to launch the IPO of Lakah Group, the largest privately owned industrial group in Egypt. The mandate is a coup for the bookrunner, while the deal could be an important step in the development of a market that has offered scant supply of new equity to international investors.

Pubmaster Ltd this week became the fifth UK pub company to be securitised in its entirety, and the first to successfully use the technique at a lengthy interval after the company's creation. The £305m deal, structured by the securitisation team at Bankers Trust that is now part of Deutsche Bank, will allow Pubmaster to retire some £120m of debt taken out when the company was formed through a management buyout from UK leisure concern Brent Walker Group in November 1996.

Deutsche Bank issued its third CORE securitisation of loans to small and medium sized German companies this week, a Eu1.3588bn transaction that reinforced the strong franchise Deutsche is building with its campaign to take up to DM50bn of assets off its balance sheet and into the capital markets. With a smaller deal to sell and investors now familiar with the product, Deutsche held a much briefer marketing drive than for its earlier jumbo securitisations, and ended with the lower rated tranches two to three times oversubscribed, and a marginal excess of demand for the triple-A notes.