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Amount: Sfr373m Maturity: August 15, 2006

Bank of Scotland has launched syndication of the increased debt facilities which backed the 1999 £215m buy-out of washroom services company PHS Group by Charterhouse Development Capital. The original deal was a £117m facility, but Bank of Scotland intends to sell a further £33m to the market.

Barclays and JP Morgan have closed syndication of the £412.3m acquisition facility for Premier Foods. One ticket was offered to relationship banks for fees of 87.5bp. Only £235m of the deal is new money, with the balance refinancing existing debt. A £244.3m term loan 'A' maturing in December 2007 offers a margin of 225bp over, a £67.9m term loan 'B' maturing in December 2008 pays 275bp over, and a £100m revolver maturing in July 2008 offers 225bp over.

Rating: Aa2/AA Amount: $750m

Rating: A1/A+ Amount: $750m

Crédit Lyonnais, Gulf International Bank, National Bank of Dubai, Qatar National Bank and Standard Chartered have been selected as mandated lead arrangers for the $300m refinancing for Qatar Fuel Additives Company (Qafac). The five have underwritten the deal and are working out the timetable for launching the transaction into syndication, which may be as soon as next week.

Rating: Aaa/AAA/AAA Amount: Eu150m (fungible with two issues totalling Eu750m launched 07/01/02 and 05/03/02)

Rating: Aaa/AAA/AAA Amount: $350m increased 09/07/02 from $250m (fungible with five issues totalling $1.25bn issue first launched 25/11/98)

Rating: Aaa/AAA/AAA Amount: $205m

The £500m five year revolver for Rolls-Royce has been closed oversubscribed and will be increased to £750m. Banks will be signed into the deal by JP Morgan and Royal Bank of Scotland today (Friday).

Mandated arrangers BNP Paribas, Citigroup/SSSB and WestLB will launch the $450m five year facility for Sibneft into general syndication next week. RZB and Natexis Banques Populaires have joined the deal in senior syndication.

As equity markets continued their inexorable slide this week and yet more accounting irregularities came to light, investors sought the safe haven of government bonds and top quality instruments in the credit markets. This trend was reflected in the blowout reception for the Province of Ontario's $750m 10 year transaction, which was three times oversubscribed and, despite being priced a fraction through Libor, tightened to 3bp-4bp through. The Province of Quebec also made an impressive entry into the dollar market with a $750m seven year bond, which was 2-1/2 times oversubscribed. Both transactions sold well internationally, far exceeding their typical 10% placement outside the US.