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Rating: Aa1/AAA Amount: $750m

The $50m five year facility for the Union International de Banque (UIB) was launched into the market last Friday. Mandated arrangers ABC (facility agent) and Citigroup/SSSB (bookrunner) have been joined by Arab Investment Company as an arranger for a ticket of $10m. The facility carries a margin of 75bp over Libor. UIB is the sixth largest Tunisian bank.

Syndication of the $15m one year term loan for Banque du Bosphore has been closed. The deal was oversubscribed and the borrower accepted an increase of up to $27m.

The shortened working week in London because of the Golden Jubilee celebrations and England's World Cup match against Argentina today (Friday) failed to completely squash business in the UK loan market. Yesterday (Thursday) HSBC launched a £450m acquisition facility for UK housebuilder Westbury into syndication.

Guarantor: Unilever plc Rating: A1/A+

The shortened working week in London because of the Golden Jubilee celebrations and England's World Cup match against Argentina today (Friday) failed to completely squash business in the UK loan market. Yesterday (Thursday) HSBC launched a £450m acquisition facility for UK housebuilder Westbury into syndication.

Syndication of the $50m three year facility for National Bank of Fujairah has been closed oversubscribed. Mandated arrangers Dresdner Kleinwort Wasserstein will be joined by 10 other banks. It has not yet been decided if the deal will be launched into general syndication, but one banker close to the deal told EuroWeek that it seems unlikely due to the oversubscription.

Next week Vasakronan, the Swedish state-owned real estate company, will become the second Swedish issuer to join the Euro-MTN market in 2002 when it puts pen to paper on a euro1 billion ($939.24 million) Euro-MTN programme. Dresdner Kleinwort Wasserstein (Dresdner) has been awarded the arrangership, but the dealer panel is yet to be announced. It is the first programme Dresdner has arranged since Michael Stump joined the Euro-MTN desk to lead its origination operations in September 2000. Previously that year it arranged Enersis's euro1 billion Euro-MTN facility. But it is the 23rd Euro-MTN dealership the bank has won in the same time, putting it ahead of The Royal Bank of Scotland, SG and Westdeutsche Landesbank in a league table of dealerships for that period. The new issuer has not been involved in the debt capital markets before, but its rating of BBB+ from Standard & Poor's, which is independent of its relationship to the Swedish government, should assure investors of its financial credibility. It has a negative outlook.