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  • Mandated arrangers SEB Merchant Banking and Svenska Handelsbanken have signed banks into the Eu575m five year multi-currency credit facility for Alfa Laval. The facility is split into a Eu425m five year term loan and a Eu150m five year revolver. HSBC, FIH, ING, LB Kiel, Nordea and NyKredit Bank have also joined the deal. The credit will be used to refinance debt and also to be used to back the listing of Alfa Laval on the Stockholm stock exchange.
  • Sole mandated arranger Citigroup/SSSB is wrapping up Nestlé's Eu2bn 364 day refinancing and banks will be signed into the deal imminently. The dual tranche revolver features the same terms and conditions as the 2001 deal it refinances. It is split into a Eu600m tranche and Eu1.4bn piece, has a one year term out option for a 5bp extension fee, carries a margin of 12.5bp over Euribor and has a 3bp commitment fee. Nestlé will be charged a 2.5bp utilisation fee for drawings over a third and 7.5bp for drawings over two-thirds.
  • First Commercial Bank has the mandate for a NT$3bn six year term loan for Eastern Broadcasting, a Taiwanese cable TV station. Thirty banks have been invited into the deal and will be paid a margin of 500bp over First Commercial Bank's one year fixed deposit rate if they join.
  • Rating: Aa2/AA+ Amount: A$100m
  • Rating: Aa3/AA-/AA- Amount: A$1.4bn
  • Colombia's government finally received authorisation this week to issue another $600m in the international markets to pre-finance 2003's borrowing needs, estimated at $1.8bn-$2bn. But no sooner had the announcement been made than some bankers dismissed Colombia's hopes for issuance in the near future as a pipedream.
  • Rating: Aa3/AA/AA Amount: Eu600m
  • Rating: Aa3/AA/AA Amount: Eu814.5m
  • Guarantor: Credit Suisse First Boston Corp Rating: Aa3/AA-/A+
  • The Eu150m 10 year club-style facility for Hrvatske autoceste (HAC) is due to be signed on Monday. Mandated arrangers Bank Austria, BayernLB and Privredna banka Zagreb have fully underwritten the deal, taking a ticket of Eu50m each. The credit carries a full state guarantee.
  • Amount: Eu120m Rating: AAA