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Dresdner Kleinwort Wasserstein has been mandated to arrange Eu350m of senior debt and asset backed facilities for Techem. Senior debt is split into a Eu150m five year term loan 'A' and a Eu70m term loan 'B' which will be used to refinance existing debt. There is also a revolving credit facility of up to Eu80m which will be used for general corporate purposes. The bank debt carries an initial margin of 165bp over Euribor.

Amount: Eu685m Issue price: 100.00

A group of banks has been awarded the mandate for a $75m three year credit for Cosco (Hong Kong). Details are being finalised and will be released next week. Bank of China (Hong Kong) and BNP Paribas have launched a HK$900m three term loan for Harriman Design and Engineering, a wholly owned subsidiary of New Asia Realty and Trust.

Household Finance has completed the signing of its $3bn EuroCP programme arranged by Deutsche Bank. Deutsche is joined on the dealer panel by Citigroup/SSB, Goldman Sachs and UBS Warburg. The private finance bank is part of the Household International Group, the organisation HSBC Holdings is to acquire in a deal worth $13bn. Bankers believe the programme will not be used for issuance until the end of March, by which time HSBC should have completed the takeover. Household and Deutsche refused to confirm the issue date.

Bidding continues for the mandate to arrange the new facility for Mol. It is expected to be awarded early next week. The borrower requested proposals for a Eu500m facility but may want a larger amount. One banker told EuroWeek that there will be at least four mandated lead arrangers at the top of this deal. He added that the deal should pay a margin in the region of 70bp-90bp over Libor.

Amount: NT$3.59bn Rating: Taiwan Ratings

HSBC and JP Morgan this week launched syndication of a £1.25bn dual tranche facility for Reuters. Debt is split into a £450m 364 day revolver and an £800m five year revolver.

Imperial Chemical Industries (ICI) has requested bids for a new loan of around $500m. ICI most recently tapped the market when it secured a $685m credit facility in October 2001 via HSBC, Mizuho and Royal Bank of Scotland.

Indian Railway Finance Corp is tapping the market for a $75m five year bullet loan through arrangers Barclays and HSBC. The deal should be launched next week. Proceeds are for working capital purposes.

Amount: Eu2.03bn Issue price: 100.00

HBOS is arranging the debt backing the buy-out of high street ladies fashion retailer Jane Norman by Graphite Private Equity Trust. Senior debt is a £23m six year term loan 'A' priced at 250bp over Libor and a £3.5m six year revolver also at 250bp.

The $2bn 30 year tranche of the Republic of Italy's $4bn global bond tightened 3bp this week, after revised pricing announced last Thursday (February 20) proved the catalyst needed to generate sufficient momentum and a book of some $3bn for the transaction. Priced last Friday (February 21), the 30 year tranche tightened from 63bp over at re-offer to 60.5bp/59.5bp over yesterday afternoon (Thursday).