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  • Senior syndication of the Eu300m five year loan for power company Hafslund is progressing smoothly. Danske, Den norske Bank and WestLB launched the deal last week to a handful of senior relationship banks and those that were unsuccessful in bidding for the arranging mandate. This stage should be wrapped up over the next couple of days.
  • Manfred Schepers is the latest Euromarket veteran to quit UBS Warburg's London operation, following global head of syndicate Richard Johnson and head of European corporate syndicate Tom Ineke.
  • Amount: $387m, Eu69m
  • Syndication of the $800m loan for Scottish Power plc is progressing well now that bankers have got comfortable with the fact that the money is being borrowed at the holding level rather than the operating level of the company.
  • Barclays Capital has received a positive response from the market during the sub-underwriting phase for the $300m five year term loan for ST Treasury Services, the finance arm of the Singapore Technologies Group.
  • RZB, Sanpaolo IMI and LB Kiel have closed syndication of the Eu25m five year facility for Banka Koper. The credit proved popular in selldown and has been increased to Eu30m.
  • The $1bn three year loan for the South Africa Reserve Bank has been fully subscribed. Syndication is due to close imminently.
  • Suez, the French utility, is to make a return to the syndicated loan market with a Eu2.5bn five year revolver that will act as its main backstop facility.
  • Suez, the French utility, is to make a return to the syndicated loan market with a Eu2.5bn five year revolver that will act as its main backstop facility.
  • Mandated lead arranger Crédit Agricole Indosuez says general syndication of the Eu164m financing package backing the buy-out of Ermewa Group by Investors in Private Equity and SNCF Participations is progressing smoothly.
  • Citibank NA (Taipei) has been mandated to arrange a NT$5bn five year fundraising for Lite-On Technology Corp.