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Aeronautic, Defence and Space Company NV (EADS) has not yet finalised the increase on its heavily oversubscribed Eu2bn facility. Some Eu3.6bn was raised from the market in what has been a successful debut foray into the loan market. BNP Paribas, Deutsche Bank and JP Morgan arranged the blowout syndication. According to the arrangers, even with an increase, banks which committed Eu150m, Eu100m or Eu50m will be scaled back.

CROATIA The Republic of Croatia will next week price its fourth ever Samurai bond via Daiwa SMBC Securities and Nomura.

Austria JoWooD, the Austrian software designer, intends raising up to Eu30m from its two for five rights issue that was launched on Wednesday. The company will offer 2.4m new shares and 305,000 old shares at a maximum price of Eu11. CA IB will run the issue.

Senior syndication of the Eu500m five year term loan for power company Hafslund has been closed by joint bookrunners BayernLB and DnB Markets. Crédit Lyonnais, Danske Bank, Nordea, SEB Merchant Banking and Union Bank of Norway have all joined for takes of Eu60m. The deal has been launched into general syndication.

Nuon has added four dealers to its euro500 million ($469.83 million) Euro-CP programme. They are Citibank, Deutsche Bank, Lehman Brothers and UBS Warburg. Credit Suisse First Boston and Merrill Lynch were dropped to make way for the new names, while three dealers kept their places on the panel (ABN Amro, Fortis Bank Nederland and ING Financial Markets). The debt limit off the programme has been increased three-fold to euro1.5 billion. The name of the issuer has also changed from NV Nuon to Nuon Finance BV.

Mandated lead arrangers Citigroup/SSSB, BayernLB and Lloyds are co-ordinating a new £300m revolver for dual listed South African and UK financial services heavyweight Old Mutual plc. Bank of America, HSBC and RBS are also in the mandated lead arranger group.

The insatiable demand for strong corporate credits rated single-A or higher was demonstrated by Aa3/AA- Procter & Gamble this week when it launched a $1bn five year global bond priced at one of the tightest spreads in its rating category. The deal, led by Citigroup/SSB, Goldman Sachs and JP Morgan, was increased from $750m after attracting a huge oversubscription at the price talk of 50bp-52bp over USTs. Announced and priced on Tuesday, the issue was priced at 50bp and immediately tightened to 47bp bid, 45bp offered.

The Republic of the Philippines limped to a $300m re-opening of its existing 2009 bond issue yesterday (Thursday), having targeted $500m in premarketing earlier in the day and being forced to increase its indicative pricing.

The Republic of the Philippines limped to a $300m re-opening of its existing 2009 bond issue yesterday (Thursday), having targeted $500m in premarketing earlier in the day and being forced to increase its indicative pricing.

Republic of Portugal has doubled the amount off its $2 billion Euro-CP programme to $4 billion. Caixa Geral de Depositos and Merrill Lynch have been added to the dealer panel. The programme previously had Citibank as a Deutschmark arranger and Citibank, Lehman Brothers Bankhaus and Schweizerische Bankgesellschaft as German dealers. These banks have been dropped, although Citibank retains its position as programme arranger and Citibank and Lehman Brothers remain named dealers on the main dealer panel.

The Eu100m four year facility for BRE Leasing is due to be signed at the end of this month following the close of syndication. Commerzbank is arranging the deal, which pays a margin of 62.5bp over Libor.

Close relationship banks to Premier International Foods and Nestlé are assessing invitations from mandated lead arrangers Barclays and JP Morgan for Premier's £412.3m acquisition facility. 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, a £67.9m term loan 'B' maturing in December 2008 pays 275bp and a £100m revolver maturing in July 2008 offers 225bp.