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n Bayerische Hypo- und Vereinsbank AG Rating: Aa2/AA-

SWISS REINSURANCE Company (Swiss Re) has mandated Credit Suisse First Boston and Dresdner Bank Luxembourg to arrange $2bn of multicurrency revolving credit facilities. Triple-A rated Swiss Re is guaranteeing the facility for Swiss Re Financial Products, Swiss Re America Holding Corporation, Swiss Re GB Limited, Swiss Re Finance (Bermuda) Ltd and European Reinsurance Company of Zurich.

Dresdner Kleinwort Benson is arranging a $193m three year mini-perm construction credit for Tampa International. The debt is priced at 190bp over Libor and includes an extension option for one year. The loan will finance the development of a shopping mall in the Tampa International Plaza. Sponsor of the project is Taubman Realty.

n Bayerische Landesbank Girozentrale Rating: Aaa/AAA

n ANZ Banking Group Ltd Rating: Aa3/AA-

Vedior, the acquisitive temporary employment services company, is to join the line-up of Dutch companies tapping the international equity markets to finance acquisitions. The firm plans to launch a Dfl 1bn equity deal to support its £1.145bn acquisition of Select Appointments in the UK. The bid is being financed with a Dfl 3.5bn bridge loan facility arranged by ING Bank. ING Barings and Morgan Stanley Dean Witter will lead the equity offering, which will repay the bridge and will be launched as soon as the offer is successful.

ARRANGERS ABN Amro and Merrill Lynch will wrap up the co-arranging phase of the controversial $3bn credit backing VNU's acquisition of Nielson over the next few days. Some six banks, thought to be Abbey National Treasury Services, Barclays, Deutsche Bank, Fortis, ING and Rabobank, have already joined, committing $500m each. Banks have already been scaled back to $375m - $25m below original targets. At least one further bank is to join by the middle of next week, thereby further reducing commitments.

A resurgence in Eurodollar issuance characterised the market this week as swap and bond spreads continued to widen, allowing prime issuers to tap the market at historically wide levels. Denmark provided investors with the rare opportunity to put pure sovereign debt onto their books with a $500m six year bond via Goldman Sachs. The deal benefited from the kingdom's recent upgrade to triple-A by Moody's.

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