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* European Investment Bank Rating: Aaa/AAA

* Finnish Export Credit Rating: Aa1/AA

* General Motors Acceptance Corp Rating: A3/A-

DEN norske Bank and HSBC Investment Bank are arranging a rare foray into the syndicated loan market by Norwegian shipping company Stolt Comex Seaway. The $250m facility, which is split between a $90m six year term loan, an $80m three year revolving credit and an $80m six year guarantee facility, is being syndicated on a confidential basis among specialist shipping lenders.

Domestic issuance: * Pfandbriefzentrale der Schweizerischen Kantonalbanken (series 310)

SWEDISH state owned telecommunications group Telia AB has announced plans to set up a $1bn Euro-MTN programme in a move which will take the borrower into the Euromarkets for the first time. Deutsche Morgan Grenfell has been mandated to arrange the programme. Telia has funding of between Skr10bn to Skr12bn to complete in the next 15 months and will be using the Euro-MTN facility to complement its Skr8bn domestic funding programme.

Corporates Expect news soon of a rare North Sea related financing. Euroweek hears early reports that Chase Investment Bank has been mandated to arrange a $200m borrowing base facility for first time borrower Intrepid Energy North Sea Ltd.

Morgan Guaranty Trust Co and Bank of America NT&SA have arranged a $500m revolver for ERP Limited Partnership. Pricing for the two year deal is based on the company's debt rating. The Prime margin is set at Prime flat, the Libor margin range is 25bp to 112.5bp and the commitment fee range is 15bp to 37.5bp. The Chicago, Illinois-based real estate investment trust company will use the loan to fund its merger with Evans Withycombe Residential LP.

INSTITUTIONAL pre-marketing will begin next week for the A$12bn flotation of Telstra, Australia's national telecom carrier. One third of the company's capital to be offered to investors in an eagerly awaited IPO that will be Australia's largest privatisation to date.

US CORPORATES took centre stage in the Eurobond market this week, as Coca-Cola Enterprises launched the inaugural issue off its Euro-MTN programme and GMAC issued an innovative dual tranche package in floating rate Deutschmarks and sterling. Coca-Cola Enterprises recently acquired Coca-Cola's bottling rights in the UK and in several European countries, and those acquisitions will need to be refinanced in the next few months, much of it in non-dollar currencies. The company wanted to establish a benchmark Eurobond to introduce its name to a broad base of investors.

* CPR -- Compagnie Parisienne de Reescompte Rating: A-/A+ (S&P's/IBCA)