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Guarantor: General Motors Acceptance Corp Rating: A2/BBB/A-

Dresdner Kleinwort Wasserstein has been mandated by Goldman Sachs Mezzanine Partners to arrange a $200m secured loan.

Goldman Sachs' announcement on Wednesday that it had struck a deal with Sumitomo Mitsui Financial Group (SMFG) whereby Goldman will invest in SMFG preferred stock in exchange for credit loss protection from the Japanese institution will not strengthen the US investment bank's position in the global syndicated loan market, say bankers. The loan loss protection is for unfunded commitments in the form of bilateral standby lines or bilateral back-up facilities to investment grade companies. It will not cover syndicated loans and will not cover funded commitments.

Mandated lead arrangers of the £1.4bn one year acquisition facility for GUS, Barclays and Royal Bank of Scotland, have brought seven banks into the deal. The loan will not be further syndicated and will largely be taken out by a bond to be issued imminently.

Guarantor: Hamburgische Landesbank Girozentrale Rating: Aa1/AA/AAA

Guarantor: Bank of Scotland Rating: Aa2/AA

Guarantor: Bank of Scotland Rating: Aa2/AA

Mandated arrangers Bank of Tokyo-Mitsubishi (bookrunner), Citigroup/SSSB (bookrunner) and National Bank of Greece launched the first Greek deal of the year into the international syndicated loan market this week. The $200m three year dual tranche bullet term loan and revolver for Hellenic Petroleum is divided into two tranches: a $50m three year revolver; and a $150m three year term loan. The deal pays an increased margin of 50bp over Libor and will be linked to the group's net debt-to-Ebitda ratio, which moves from 45bp to 60bp over Libor. The opening leverage is understood to be around 3.5 times.

Rating: A2/A/A Amount: Eu5bn

Kingboard Chemical Holdings is tapping the market for a HK$800m term loan through arrangers Citigroup/SSB, Rabobank and Standard Chartered. Proceeds will partly refinance the borrower's last fundraising - a HK$600m three year deal priced at an all-in of 127.5bp at the top tier that was increased from HK$400m - and partly provide general working capital.

Rating: A2/A- Amount: £500m

Mandated arrangers Bank Austria Creditanstalt and DZ Bank have launched senior syndication of the Eu75m five year bullet facility for HVB Bank Hungary. Commitments are due next week. The deal pays a margin of 22.5bp over Libor for years one to three and 25bp for years four and five. Some bankers say this is too tight and will force banks away from the deal.