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Mandated lead arrangers HSBC and Deutsche Bank will bring a £150m loan facility for Carphone Warehouse to the market next week. The deal will refinance an existing facility.

Rating: A3/BBB+ (Moody's/Fitch) Amount: Eu200m upper tier two capital

Cheshire Building Society (Cheshire) has signed a £750 million ($1.1 billion) Euro-MTN programme and has become the second building society to join the market this year. The signing, which was completed on June 10, will "Give a little bit of long-term funding and spread our funding base longer at reasonable prices," according to John Astbury, the treasurer at Cheshire. The first trade will be done in July and will be denominated in sterling. It is likely to have a maturity of three years, but Astbury says it could be as long as five years. No trade will go out further than 10 years however and structures will not be considered. Derbyshire Building Society signed its £1 billion Euro-MTN facility in March this year and there are now 20 building societies with programmes. Despite the competition Astbury says no roadshow will be done as he is confident of finding funds when he needs them. He says: "Our bankers have assured us that there will not be any problems with attracting investors - we're in there with the rest of them." The issuer is rated Baa1 by Moody's. The dealers are Barclays Capital (also the arranger), Deutsche Bank, Dresdner Kleinwort Wasserstein, HSBC, Salomon Smith Barney and The Royal Bank of Scotland.

Co-ordinating arrangers have closed the $170m three year term loan for Sinochem American Capital Corp, a wholly owned subsidiary of Sinochem American Holdings. The market responded well to the facility, with an oversubscription of over 20% raised. The size of the deal was increased from $150m. However, the allocation amounts still had to be scaled back.

Rating: Aa2/A+ Amount: $1.25bn (increased from $1bn)

BayernLB has closed the syndication of a £150m (increased from £100m) five year multi-currency revolver for Close Brothers Limited. The deal pays a margin of 28bp over Libor and a commitment fee of 12bp. If drawn over 50% a 2.5bp utilisation fee is payable.

Amount: Eu145m Rating: AAA

Guarantor: Banco Espírito Santo SA (London) Rating: A1/A-

Rating: Ba3/BB- Amount: £150m

Rating: A1/A/AA- Amount: $650m non-cumulative preferred securities