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Six Continents, the UK-based leisure company, has told EuroWeek that it will not award the two loan mandates that will finance its demerger until December or January 2003 at the earliest. This is despite some banks' insistence that news of a mandate is imminent. As part of the separation plan of its hotel and retail divisions announced on Wednesday, each newly demerged company will take out separate loan facilities that together could add up to £2bn. A $3bn dual tranche facility signed for the then Bass plc in 1998 will also be refinanced.

Six Continents, the UK-based leisure company, has told EuroWeek that it will not award the two loan mandates that will finance its demerger until December or January 2003 at the earliest. This is despite some banks' insistence that news of a mandate is imminent. As part of the separation plan of its hotel and retail divisions announced on Wednesday, each newly demerged company will take out separate loan facilities that together could add up to £2bn. A $3bn dual tranche facility signed for the then Bass plc in 1998 will also be refinanced.

Mandated arranger RZB is collecting commitments to join the syndication of the Eu60m five year facility for Vseobecna Uverova banka (VUB). The deadline is October 18 and the deal will be signed by the end of the month.

Mandated arrangers Bank Austria, Citigroup/SSSB, Sumitomo and WestLB will sign banks into the Eu50m five year facility for Slovenia Export Corporation (SID) next week. The deal looks set to be increased after receiving an oversubscription of Eu70m.

New York attorney general Eliot Spitzer escalated his campaign against IPO spinning this week by launching a lawsuit against five executives, that could force them to repay up to $1.5bn in profits earned from equity sales. Spitzer is hoping to prove that Salomon Smith Barney hyped certain stocks, in which these executives held an interest, to boost the prices. In return, Spitzer alleges that SSB received investment banking business.

HVB Group is finalising invitations to be sent out to banks targeted in general syndication of the Eu220m project financing for the wind farm project called Eurovento. Because the deal will not be drawn down until the farms have passed completion tests, construction risk has been mitigated.

New York attorney general Eliot Spitzer escalated his campaign against IPO spinning this week by launching a lawsuit against five executives, that could force them to repay up to $1.5bn in profits earned from equity sales. Spitzer is hoping to prove that Salomon Smith Barney hyped certain stocks, in which these executives held an interest, to boost the prices. In return, Spitzer alleges that SSB received investment banking business.

Rating: AA/AAA Amount: Eu100m Landesschatzanweisung

Redemption per Eu10,000 shall be determined as follows:

Rating: A2/A-/A Amount: Eu300m

The mandate to arrange the $600m five year facility for Stena AB has been awarded to JP Morgan, Nordea and Svenska Handelsbanken, which are due to launch syndication of the facility by today (Friday). The credit is understood to pay a margin close to 150bp over Libor. More details will be available next week.