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Banks involved in the Eu2.35bn financing for Saudi Basic Industries Corporation (Sabic) are focusing on the response of Gulf-based, and in particular Saudi-based, houses in the first round of syndication. These regional banks, along with some international firms, have been invited to underwrite tickets of $150m for target holds of around $100m.

Amount: Eu150m, $100m (Euromarket/RegS/144a) Rating: Aaa/AAA/AAA

Citigroup/SSB, Commerzbank and Dresdner Kleinwort Wasserstein have signed banks into the $130m three year revolver for Iscor. The deal was closed oversubscribed, but the borrower opted not to increase the facility and commitments were scaled back.

Mandated arrangers LB Kiel, RZB and ING will next week launch the Eu40m three year facility for Abanka, the fifth largest bank in Slovenia. The margin is understood to be around 50bp over Euribor.

HSBC is one of the banks to have won the mandate to arrange a Singapore dollar loan for an affiliate of the NTUC. Details are being finalised and the arrangers will launch the deal in the near future. The S$300m three year term loan for Unicorn Square, guaranteed by Straits Trading, is progressing well in the sub-underwriting stage.

EuroWeek understands that Goldman Sachs, BBVA and Caixa (all joint bookrunners) are arranging a one year bridge loan for Enagas. The Eu1bn IPO-linked deal will be taken out by a bond later this year. Before the capital markets take out the deal will be sold down into the loan market.

Rating: Aa3/AA- (Moody's/Fitch) Amount: Nkr110m

Against all the odds, Colombia managed to raise almost $200m in cash and exchange about $300m of short dated bonds for a new 2010 dollar bond this week, amid some of the worst emerging market volatility this year. In the face of a meltdown in the high grade bond market and Latin America's own Brazil-fuelled jitters, Merrill Lynch and Citigroup/SSB were able to price the $500m 10.5% 2010 issue to yield 10.75% and keep it trading around its issue price of 98.681.

Arrangers Nordea and SEB Merchant Banking have signed the $175m five year multi-currency revolver for Observer AB. Svenska Handelsbanken has joined as a senior co-arranger.

Rating: Aa2/AA+ Amount: Nkr220m

Barclays Capital (joint bookrunner, documentation), BNP Paribas (joint bookrunner), Deutsche Bank, JP Morgan and SG (facility agent) have signed banks into the $3bn 364 day revolver for Glencore International. ABN Amro, Crédit Agricole Indosuez, Dresdner Kleinwort Wasserstein, ING and Rabobank have come in as lead arrangers. ANZ, HypoVereinsbank, Citigroup/SSSB, CSFB, KfW and WestLB are arrangers. Fortis Bank, SMBC and Royal Bank of Scotland are co-arrangers. ABC, Danske Bank, DZ Bank, Fleet Boston, Lloyds, NordLB, Scotiabank and Standard Chartered are senior lead managers.

The long awaited mandate for the Taiwanese dollar fundraising for Quanta Display Technologies has been awarded to Chiao Tung Bank, Citigroup/SSB (Taipei), International Commercial Bank of China and Taiwan Cooperative Bank. This is the first of what is expected to be a total of five mandates to be awarded by Taiwan's leading flat screen manufacturer as it looks to develop its fifth generation TFT-LCD (thin fluid transistor-liquid crystal display) computer monitors.