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EuroWeek hears that Bank of Scotland is providing the financing for Philip Green's £770m, or 408p a share, offer for clothing group Arcadia.

The $145m four year multi-currency term loan for Philippine Long Distance Telephone, arranged by BNP Paribas, Citigroup/SSB, ING Bank and Mizuho Corporate Bank has been completed. The deal was oversubscribed and increased to $145m from $135m.

The Republic of the Philippines took the market by surprise this week with an opportunistic $300m five year issue, reinforcing its reputation as Asia's most prolific international issuer. The deal was launched after less than two days of pre-marketing, with ING acting as sole bookrunner for the Reg S transaction.

Poland yesterday (Thursday) increased its 2012 6.25% bond by $400m, after lead managers JP Morgan and Citigroup/SSB gathered an order book of more than $800m during the day. Premarketing of the tap began yesterday morning. It raises the total size of the deal to $1.4bn, following the original $1bn issue at the end of June. Bankers were aiming for an increase of $250m, but were able to increase the size after greater than expected demand.

Rating: A2 Amount: £200m

Rating: Aa2/AA Amount: C$200m (increase to C$300m issue launched 21/08/02)

LB Kiel and RZB have been mandated to arrange a Eu50m three year syndicated term loan for Banco Internacional do Funchal (Banif). The facility carries a margin of 30bp over Euribor and will be launched into syndication imminently.

Rating: Aa3/A+/A Amount: C$150m

Joint mandated arrangers Arab Banking Corporation (ABC) (facility agent), National Bank of Abu Dhabi (information memorandum) and Bank of Tokyo-Mitsubishi (bookrunner) will close senior syndication of the $120m three year facility for the Commercial Bank of Qatar next week. The credit has been well received with many local banks interested in soaking up the debt.

US investment house Carlyle Group has emerged as the ministry of defence's preferred bidder for QinetiQ - formerly called the Defence Evaluation and Research Agency. Other sponsors which were thought to be bidding were Apax Partners, Cinven and Barclays Capital. Carlyle now has exclusivity until a deal is brokered before the year end.

Rating: Baa1/BBB+/BBB+ Amount: $400m (fungible with $1bn issue launched 27/07/02)

Rheinmetall has put its name to a Eu500m multi-currency CP programme and Dresdner Kleinwort Wasserstein has scooped the arranging mandate. It is the fifth German issuer to come to market this year after ThyssenKrupp signed its Eu1.5bn facility in July. Ralph Uphaus, Rheinmetall's treasurer, said: "We try to follow a strategy of diversification, and this signing is a further step in that direction. We have already made several issues off the programme, but at the moment we will only be tapping the market in euros."