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Barclays and JP Morgan have released the list of banks which committed to the £412.3m acquisition facility for Premier International Foods. The following joined the facility: Allied Irish Bank, BNL, Banco Espirito Santo, Bank of Ireland, Bank of Scotland, BayernLB, BNP Paribas, Danske Bank, Deutsche Bank, HSBC, ING, KBC, Lloyds, Rabobank, Royal Bank of Scotland, Sanpaolo IMI, SEB, Singer & Freidlander, SMBC and United Bank of Kuwait.

Guarantor: Ambac Assurance

Rating: Baa1/BBB+/BBB+ Amount: Eu250m

JP Morgan and Royal Bank of Scotland have released the list of banks joining the £500m five year revolver for engineering group Rolls-Royce. Bank of America, Bank of Tokyo-Mitsubishi, BayernLB, BNP Paribas, Citigroup/SSSB, Commerzbank, Commonwealth Bank of Australia, Lloyds TSB, SMBC, SG and WestLB committed to the deal as arrangers.

Mandated arrangers BNP Paribas, Citigroup/SSSB and WestLB will close senior syndication of the $450m five year facility for Sibneft in the next two weeks. The deal will then be launched into general syndication in August. Five banks are understood to be joining for an arranger title including RZB and Natexis Banques Populaires. (for tranche details see EuroWeek 761). Mandated arranger Citigroup/SSB will sign general syndications banks into the $250m three year facility for Slavneft next week. The deal has been oversubscribed but it will not be increased.

Keepwell agreement: from Land Sachsen-Anhalt Rating: AA-/AAA

Guarantor: Banco Santander Central Hispano SA Rating: Aa3/A+/AA-

Progress on the senior syndication of the Eu2.35bn acquisition financing for Saudi Basic Industries Corporation (Sabic) is taking longer than expected and this stage will continue for another week or two. Tickets to the market at this level are underwriter tickets of $150m for target holds of around $100m and $75m with final holds of around $50m.

Rating: A (Fitch) Amount: Eu150m Hypotheken Pfandbrief series

The Greek government found investors surprisingly receptive to new investment opportunities this week when it completed a Eu509m issue in OPAP, the Greek soccer pools and lottery organisation. In a rare piece of business for European equity capital markets bankers, Citigroup/SSSB, EFG Eurobank and Alpha Finance, the three banks that managed the offering, found no shortage of demand for a company widely considered to be undervalued.

Amount: Eu3bn Issue price: 100.00

The mandate to arrange the new facility for Slovak Telekom has been awarded to Sumitomo. The facility will be launched into syndication in the next two weeks and carries a full EIB guarantee and will be used to refinance debt. Syndication of the Eu40m three year facility for Abanka is progressing smoothly and mandated arrangers LB Kiel, ING (joint bookrunner) and RZB (joint bookrunner) are steadily collecting commitments. The deal has so far been well supported but the summer period is slowing credit committees making their decisions. The deal pays a margin of 50bp over Euribor.