Asia Pacific * Clare Series II Special Purpose Company

Australia Co-ordinating arrangers ABN Amro, ANZ Investment Bank, Royal Bank of Scotland and SG have closed the A$730m dual tranche facility for Asia Pacific Transport Finance.

Norway EuroWeek understands that the beleaguered engineering company Kvaerner has secured a NKr900m short term facility to alleviate liquidity problems.

The senior phase of syndication on the $1.015bn project financing for the Taweelah A1 independent water and power project has found an overwhelming response from the market. At this level, the deal has attracted over $2bn in commitments from around 20 banks and the syndication is now closed.

* Sanikleen Corp Guarantor: Bank of Tokyo-Mitsubishi Ltd

ABN Amro has been joined by Metropolitan Bank & Trust, RCBC Capital, Rizal Commercial Bank and Sakura Bank to launch the $400m dual tranche facility for Republic of the Philippines. The deal is split between a $100m three year portion paying a margin of 110bp and a $300m tranche priced at 160bp.