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Mandated arrangers Africa Merchant Bank, BNP Paribas, Natexis Banques Populaires and SG will close senior syndication of the $1.15bn pre-export financing for Sonangol by the end of next week. The deal will be launched into general syndication thereafter. The facility is divided into three tranches. For more details see EuroWeek 791.

Guarantors: Argenta Banque d'Epargne, Argenta Bank en Verzekeringsgroep Amount: Eu50m

HSBC, Bank of China, Hang Seng Bank and Standard Chartered are arranging a A$700m refinancing for Hong Kong Electric. Participants can lend in US dollars at a margin of 28bp over Libor or Australian dollars at 30bp over BBSW.

Mandated arrangers Bank of Bahrain and Kuwait, Bank of Tokyo-Mitsubishi, Gulf International Bank (bookrunner), HSBC (bookrunner), Mizuho (bookrunner), National Bank of Abu Dhabi, National Bank of Bahrain (bookrunner), Qatar National Bank and Sumitomo signed banks into the $500m 10 year facility for Alba this week. Ahli United Bank, National Bank of Dubai, Barclays, Commercial Bank of Dubai, Abu Dhabi International Company, Commercial Bank of Qatar, Doha Bank and First Gulf Bank joined the deal during general syndication.

Rating: Aaa/AAA/AAA Amount: Eu1bn

Guarantor: Banco Bilbao Vizcaya Argentaria SA Rating: Aa2/AA-/AA-

Banks will be signed into the debt facilities backing the buy-out of Ontex today (Friday). Debt was sole arranged by Barclays. The Eu630m of senior debt is split into a Eu250m seven year term loan 'A' paying 225bp over Euribor, a Eu130m eight year eight year term loan 'B' at 275bp, a Eu130m nine year term loan 'C' offering 325bp, a Eu70m acquisition facility and a Eu50m seven year revolver at 225bp.

Rating: A2/A- Amount: $500m (fungible with two issues totalling $1bn first launched 30/10/02)

Michael Biondi, part of the legendary team that helped shape Wasserstein Perella and later Wasserella in the 1990s, has joined Lazard as chairman of investment banking. He starts his new job on Monday. The move is a coup for Lazard and particularly for his former boss Bruce Wasserstein, who has headed Lazard since January of last year.

Rating: AAA Amount: Eu250m Öffentlicher Pfandbrief series 111 (fungible with two issues totalling Eu1.5bn first launched 18/01/99)

Michael Biondi, part of the legendary team that helped shape Wasserstein Perella and later Wasserella in the 1990s, has joined Lazard as chairman of investment banking. He starts his new job on Monday. The move is a coup for Lazard and particularly for his former boss Bruce Wasserstein, who has headed Lazard since January of last year.