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The Eu2bn facility for rare borrower Suez Lyonnais des Eaux signs today (Friday), after a notable success. It raised a heavy oversubscription and has been increased to Eu2.5bn, despite competition for lenders' attention from other French credits such as Vivendi. The borrower will use the proceeds partly to back its takeover of Nalco Chemicals.

n Cregem Finance NV Guarantor: CCB

Domestic issuance: n Emissionszentrale für gemeinnützige Wohnbauträger

THE REPUBLIC of Turkey launched a well received Eu500m seven year euro bond via Chase Manhattan and Salomon Smith Barney on Friday (November 12), adding to an already successful funding year for the B1/B/B+ rated sovereign. Although the country suffered its second major earthquake this year shortly after the deal was launched, investors' confidence in Turkey's longer term economic fortunes enabled the transaction to post an impressive aftermarket performance.

THE REPUBLIC of Turkey launched a well received Eu500m seven year euro bond via Chase Manhattan and Salomon Smith Barney on Friday (November 12), adding to an already successful funding year for the B1/B/B+ rated sovereign. Although the country suffered its second major earthquake this year shortly after the deal was launched, investors' confidence in Turkey's longer term economic fortunes enabled the transaction to post an impressive aftermarket performance.

Euroweek understands that Goldman Sachs has at last wrapped up the arranging phase of the controversial £675m loan supporting the acquisition of the telecoms division of Racal Electronics by Global Crossing. As reported in Euroweek last week, ABN Amro, Barclays, Chase, Citibank and Deutsche had joined the deal. But this week saw Paribas and WestLB also join the transaction.

Argentina is now believed to be less than $200m short of covering its entire first quarter 2000 funding needs, following this week's onslaught in both the euro and dollar bond markets. The sovereign started the week with a widely expected $500m reopening of its 2017 global bonds, led by Chase Manhattan, and following up midweek with a Eu500m five year euro deal led by CSFB and Morgan Stanley Dean Witter.

Paribas and Warburg Dillon Read have received an excellent response to the long awaited syndication of the Eu215m senior debt package backing the buy-out of the Mumm and Perrier Jouet champagne brands. The deal was finally launched last week, following three months of intense speculation concerning the structure and pricing. Interest was such that the arrangers said they had over 40 banks make reverse calls before the official launch. Banks have been invited to join at three ticket levels - Eu20m for fees of 45bp, Eu15m for fees of 35bp and Eu10m for 25bp.

The Republic of Colombia surprised the markets this week by issuing a $500m 10 put five year issue that becomes fungible with its 2009 global bond - if it is not put by 2005. The deal, led by Morgan Stanley Dean Witter and Salomon Smith Barney, was a cautious move on Colombia's part to get half of its 2000 funding needs out of the way, for fear that emerging markets may remain volatile in the new year.

n Jyske Bank A/S Amount: Dkr350m subordinated debt

Rating: Aaa/AAA/AAA Amount: Eu250m (fungible with three issues totalling Eu1bn launched 27/11/98, 17/03/99 and 15/06/99) Öffentlicher Pfandbrief series 505

Rating: Aa3 Amount: Eu250m (fungible with four issues totalling Eu2bn launched 25/05/98, 02/06/98, 05/08/98 and 27/08/99) Öffentlicher Pfandbrief series 1244