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Rating: A1/A+ Amount: £500m

Cazenove may wish it had maintained its right to secrecy as in its first year operating under the new corporate structure the UK investment bank unveiled a disappointing set of year end results this week which saw the company suffer a £20.1m loss before tax. Cazenove's chairman David Mayhew described the year as a defining one in the bank's history, but the full effects of how damaging these results might prove to be may only be fully realised if investors get the chance to subscribe to Cazenove's anticipated flotation next year.

Royal Bank of Scotland is arranging a $147.8m senior secured facility for the El Tesoro mine. The facility along with a $36.9m loan extended by Kreditanstalt für Wiederaufbau will refinance the original $205m project financing facility, also arranged by the Royal Bank of Scotland.

Arranger SG Asia has launched a $160m five year term loan for Beijing Holdings, a wholly owned subsidiary of the Beijing municipal government, into sub-underwriting. Co-arrangers will pay an all-in of 125bp over Libor. The borrower last tapped the market in April with a $160m dual tranche fundraising. Banks earned a margin of 145bp and 118bp over Libor on the seven and five year tranches, respectively.

Rating: A2/A Amount: $850m (increased from $750m)

The $320m receivables backed facility for annual borrower Ghana Cocoa Board (Cocobod) looks set to become the biggest facility the borrower has ever secured. The facility has been oversubscribed and will be increased by $100m to $420m.

HSBC and Bank of Scotland have committed to the £90m of debt facilities backing the Elektra Capital-led buy management buy-out of Kunick. Senior debt is split between a £45m term loan 'A', a £15m term loan 'B and a £15m revolver. There is also a £15m mezzanine piece. Margins and tenors are on market.

EuroWeek can reveal the full details of Lake Constance Funding's Eu8bn shelf, the latest ABCP programme to come to the market. The EuroCP facility has been set up by Landesbank Baden-Württemberg, which is joined on the dealer panel by Citigroup/ SSSB, Deutsche Bank and Lehman Brothers.

Rating: Aaa/AAA/AAA Amount: Eu250m (fungible with two issues totalling Eu750m launched 30/11/01 and 05/02/02)

Rating: Aaa/AAA/AAA Amount: Sfr200m

Guarantor: Landesbank Rheinland-Pfalz Girozentrale Rating: Aa1/AA/AAA

Rating: Aa1/AAA (Moody's/Fitch) Amount: Sk1bn