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Rating: Ba1/BB+ Amount: $300m

Requests for proposals (RFPs) have gone out to a select group of banks to join the $200m six year facility for Termoelectrica. The deal has caused a stir. It will be the longest tenor the borrower has attempted.

NM Rothschild, the UK independent bank, became the latest institution to become disillusioned with fund management when it effectively put its asset management up for sale this week. The group has decided to develop its private banking and wealth management operations, and has hired Mike Bussey, former joint chief executive of Schroders Private Banking, to spearhead this growth.

The mandate to arrange the $100m 18 month facility for Vneshtorgbank (Bank for Foreign Trade) has been awarded to Deutsche Bank and Citigroup/SSSB, say bankers. The deal carries a margin of less than 275bp over Libor. The borrower tapped the market this July with a Eu3.24m facility arranged through Deutsche Bank. AKA Ausfuhrkredit-gesellschaft joined as a participant. The credit matures in 2008.

A1/A+ rated multi-utility RWE is planning to tap the European syndicated loan market for the first time, having mandated Barclays Capital, Citigroup/SSSB, Deutsche Bank and JP Morgan to arrange its debut Eu5bn syndicated facility. RWE has decided to break its loan market duck to raise liquidity in order to support its global CP programme.

A1/A+ rated multi-utility RWE is planning to tap the European syndicated loan market for the first time, having mandated Barclays Capital, Citigroup/SSSB, Deutsche Bank and JP Morgan to arrange its debut Eu5bn syndicated facility. RWE has decided to break its loan market duck to raise liquidity in order to support its global CP programme.

Reaction to the September 11 anniversary will be more muted on the emerging markets desks in London and throughout Europe than in the US, although most banks expect to observe at least one period of silence. One trader said no meetings have been arranged on Wednesday. He expects most people to spend the day at their desks, watching the news and their screens. "If something relating to al-Qaida happens, then we will see extremes," he said. "If nothing happens, then recent volatility will calm down."

Rating: AA- Amount: $100m

The S$300m three year term loan for Unicorn Square is progressing well. Another six banks have joined the facility along with arrangers DBS and OCBC. Banks will receive a margin of 72.5bp over the Singapore dollar swap rate and a top participation fee of 9bp. Closing will take place next week after allocations and details are finalised.

Mandated arranger Sumitomo will announce allocations for the Eu97m five year facility for Slovak Telekom and banks will be signed into the deal on September 18. The credit has been oversubscribed but will not be increased. The facility carries an EIB guarantee and pays a margin of 85bp over Libor.

A shortlist of banks has been compiled to arrange the Eu50m-Eu60m facility for Nova Ljubljanska banka. Banks close to the deal include Bank Austria and ING. A mandate is due to be awarded in the next two weeks.

Joint mandated arrangers BayernLB, Standard Chartered, WestLB and KBC Bank signed banks into the $100m 364 day dual currency debut syndicated term loan for Investec Bank South Africa yesterday (Thursday). Bank Sepah International, Crédit Lyonnais, Hamburgische Landesbank and WGZ Bank have joined as co-arrangers. Erste Bank, LB Kiel, Landesbank Rheinland-Pfalz, Royal Bank of Scotland and Wachovia Bank are lead managers. Banca Monte dei Paschi di Sienna, Israel Discount Bank of New York and Landesbank Saar Girozentrale are managers.