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Mandated arrangers Citigroup/SSSB and RZB have closed syndication of the Eu20m 360 day facility for Bank CenterCredit. No signing date has been set. EuroWeek understands that the facility will be signed for less than the amount stated. The facility pays a margin of 320bp over Libor and is extendable by 180 days at the lenders' discretion.

Loan market bankers were trying to second guess speculation that Cadbury Schweppes may be preparing to tap the loan market for a joint acquisition with Switzerland's Nestlé of Hershey Foods, America's biggest chocolate manufacturer. Few details have been forthcoming over the possible financing for Cadbury - said to be a £3bn loan - and bankers contacted by EuroWeek were unable to confirm or deny the existence of the transaction.

As triple-A issuers clean up in the structured yen market, double-A borrowers are having to work harder than ever to maintain volumes. But amid competition from its double-A peers, SEK is drawing on all its experience to get paper placed. In a rare interview, SEK's CFO Per Åkerlind and treasurer Johanna Clason tell Chris Newlands how they feel about SEK's ratings and what they are doing to adapt to new investor demands. Svensk Exportkredit (SEK) is one of the most prolific issuers in the private placement markets. The double-A rated borrower has tapped the market 169 times this year and has outstandings of almost $1.39bn.

Rating: Aaa/AAA Amount: ¥35bn (fungible with two issues totalling ¥65bn first launched 06/04/01)

BBVA overcame concerns surrounding its Latin American exposure this week to successfully launch its Eu3bn five year cédulas hipotecarias transaction. But EuroWeek understands that rival bank SCH may restructure its forthcoming deal in light of questions over its exposure to the region and oversupply in the five year maturity. Bankers had been expecting SCH to raise up to Eu3bn in the same maturity as BBVA soon after its roadshow last week, but the Spanish bank and its joint leads - CDC IXIS, Commerzbank, Goldman Sachs and HypoVereinsbank - have not yet finalised the transaction's structure.

BBVA overcame concerns surrounding its Latin American exposure this week to successfully launch its Eu3bn five year cédulas hipotecarias transaction. But EuroWeek understands that rival bank SCH may restructure its forthcoming deal in light of questions over its exposure to the region and oversupply in the five year maturity. Bankers had been expecting SCH to raise up to Eu3bn in the same maturity as BBVA soon after its roadshow last week, but the Spanish bank and its joint leads - CDC IXIS, Commerzbank, Goldman Sachs and HypoVereinsbank - have not yet finalised the transaction's structure.

The mandate to arrange a $500m seven year refinancing for Norwegian shipping company Bergesen dy A/S was awarded this week. Joint mandated lead arrangers are Barclays Bank, Christiania Bank, Deutsche Bank, DnB Markets and JP Morgan.