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Finland The Eu200m five year revolver for Perlos, arranged by MeritaNordbanken and Leonia Bank will chiefly be syndicated among domestic banks.

THE Eu1.4bn facility for Koninklijke Numico (Royal Numico) was launched into general syndication this week via arrangers Dresdner, HSBC and ING. It backs the acquisition of General Nutrition Cos Inc of the US. The fully underwritten deal is split into two tranches. The 'A' tranche is a 364 day bridge term loan worth Eu750m. It pays 30bp until the end of January next year, and 25bp from then onwards. The 'B' tranche is a Eu650m revolver over 4-1/2 years, paying 30bp.

n Commerzbank AG Rating: Aa3/AA-

A NUMBER of senior Euroloan market players reacted angrily this week to Goldman Sachs' syndication strategy of the £675m loan supporting the acquisition of the telecoms division of Racal Electronics by Global Crossing. Bankers claim that about two weeks ago, the US investment bank approached five joint lead arrangers - thought to include Barclays, Chase, Citibank and Deutsche - offering fees of 125bp. But last week Goldman launched the deal to as many as 25 co-arrangers, offering them a fee of 112.5bp for commitments of Eu60m, before the completion of the joint arranging phase.

GLOBAL co-ordinator CSFB this week shrugged off investor fears over pricing and successfully closed the £400m capital increase for Stagecoach, the UK-based transport group. The deal was a combination of an open offer to existing investors and an international sale of stock priced via a bookbuilding exercise.

A NUMBER of senior Euroloan market players reacted angrily this week to Goldman Sachs' syndication strategy of the £675m loan supporting the acquisition of the telecoms division of Racal Electronics by Global Crossing. Bankers claim that about two weeks ago, the US investment bank approached five joint lead arrangers - thought to include Barclays, Chase, Citibank and Deutsche - offering fees of 125bp. But last week Goldman launched the deal to as many as 25 co-arrangers, offering them a fee of 112.5bp for commitments of Eu60m, before the completion of the joint arranging phase.

STAGECOACH HOLDING INC of the UK fell foul of the US bond market this week as it was forced to widen out spread talk on a Yankee debut by more than 60bp before investors showed interest. Despite a general lack of supply and at a time when most US corporate deals are being priced within or tighter than original spread talk, Stagecoach had to widen its guidance from 200bp over US Treasuries to 212.5bp and then to 237.5bp to 250bp before launching its $500m 10 year issue at 262.5bp.