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Mandated arrangers Bank Austria Creditanstalt (joint bookrunner), DZ Bank (joint bookrunner), ING and LB Kiel (joint bookrunner) will sign banks into the Eu150m five year bullet facility for Central-European International Bank (CIB) today (Friday). The deal has been oversubscribed and is due to be increased to Eu200m on signing. BayernLB and Erste Bank joined as arrangers for fees of 30bp. Baden-Württembergische Bank, Landesbank Rheinland-Pfalz and NordLB joined as co-arrangers for fees of 27.5bp. Deutsche Postbank joined as a senior lead manager for a fee of 25bp. Managers American Express, Banca Monte dei Paschi di Siena, Landesbank Saar, Zürcher Kantonalbank and Banque et Caisse d'Epargne de l'Etat joined for fees of 20bp. The deal paid two margins, a 22.5bp over Libor for years one to three and 25bp for years four and five.

Mandated arrangers LB Kiel and RZB have launched syndication of the Eu40m term loan for Reykjavik Savings Bank (Spron). Commitments are due by the end of March. For more details see EuroWeek 793.

Guarantor: Hutchison Whampoa Ltd Rating: A3/A

Barclays Capital, Crédit Lyonnais, HSBC and Natexis Banques Populaires are receiving encouraging responses to the $75m five year term loan for Industrial Development Bank of India. The deal has been oversubscribed with seven banks joining. A further two banks are waiting for head office approvals.

Rating: A1/A-/A+ Amount: Sk1.5bn

Amount: ¥5.17bn Rating: R&I

Bidding is under way for the Eu30m 12 month facility for Nurbank. EuroWeek has heard that the borrower does not require the funding until November, so it is unlikely a mandate will be awarded for some time.

Carlyle's proposed takeover of Fiat Avio was jeopardised this week when Italian venture capital firm Finmeccanica and French government owned Snecma announced a Eu1.5bn bid for the aerospace company. This means the banks including Lehman Brothers that were backing Carlyle's bid could lose the mandate to arrange the debt.

Kreditanstalt für Wiederaufbau (KfW) this week pioneered the institutional callable market in euros with a Eu1bn three year non-call one transaction lead managed by Merrill Lynch and UBS Warburg. The deal sent bankers into a flurry of activity to discover which institutions had bought the issue and which borrower to pitch as the next candidate. The leads, mindful of the lack of precedents, started with a modest size of Eu500m but strong demand justified an increase to Eu750m and a book of over Eu1bn merited a final size of Eu1bn.

Rating: Aaa/AAA Amount: Nkr400m

Discussions continue between a number of banks and LG Philips LCD Co regarding the borrower's proposed $500m-plus financing. Bankers expect a mandate shortly. Kookmin Bank is seeking a US dollar facility, although bankers suggest that it has now scaled down its requirement. They say no final figure has been decided upon.