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Danske Bank has signed institutions into the £75m revolver for Kent Reliance Building Society. The debut loan was initially launched at £30m and after an overwhelming response from the market, was increased by more than 50% .

Guarantor: Kreditanstalt für Wiederaufbau Rating: Aaa/AAA

Rating: Aa1/AA+ Amount: Eu5bn

The Kingdom of Belgium launched its debut 15 year OLO this week, building on the success of Italy and Spain's deepening of the long end of the euro curve earlier this year to launch the largest 15 year syndicated government bond yet. The Eu5bn September 2017 issue, via ABN Amro, Goldman Sachs, ING and Morgan Stanley, was priced at 14bp over the 2016 OAT from spread guidance of 12bp-15bp over. Adjusting for the maturity differential, Aa1/AA+ Belgium's deal came at 12bp over the French curve and 2.5bp over Aaa/AA+ Spain's 2017 Bono.

The Eu2.4bn debt facility backing the merger between UK-based Kingfisher and France's Castorama is set for launch. Arrangers BNP Paribas, Deutsche Bank and UBS Warburg are waiting for the deal between the UK and French corporates to be finalised before placing the acquisition facility among Kingfisher's closest banks.

Arab Bank, Crédit Lyonnais, KDB Asia, SG and Shinhan Bank have joined forces to launch the $90m two year fundraiser for SK Global Hong Kong. Banks interested in joining the deal will receive a margin of 110bp over Libor and fees on three levels. Commitments of $7m or more earns the title of co-arranger, senior managers earn 65bp for contributions of $5m-$6.9m and managers gain 60bp for tickets of between $2m-$4.9m.

The $100m three year club deal for United Bank of Kuwait (UBK) is in documentation and is expected to be closed in the next two weeks. The deal was oversubscribed to $110m.

Rating: Aaa/AAA/AAA Amount: Eu300m (fungible with two issues totalling Eu1.25bn issue launched 07/01/02 and 27/02/02)

Rating: Aa1/AAA Amount: Sfr200m

The Eu40m one year facility for Parex Bank has been closed by arrangers ING and Standard Bank and will be signed on June 14 in Riga. The deal has been closed oversubscribed and increased to Eu55m.

Lebanon's Byblos Bank is breaking new ground with the planned launch of a debut $100m 10 year non-call five subordinated bond. JP Morgan and Natexis Banques Populaires have won the mandate for the deal, with JP Morgan acting as bookrunner, while Natexis will be a joint lead manager.

Word has obviously been getting around to Nomura about the dazzling new MTNWeek awards (which must bring waves of confidence to the lucky desks that own one), as it is already making moves for next year's awards at this early stage. The Japanese bank has hired Andres Gasser from Bank of America to become a director on the debt capital markets origination team. Other MTNers are welcoming the summer months by taking it easy. Dresdner's Michael Stump has been relaxing at home having won a bet with his colleague that he could lose four pounds in two weeks. Barclays's CP originator Monja Blattner is flying to Germany and then Greece for a well-earned rest. And Kommunalbanken's Kristine Falkgard, in between the 39 power reverse dual currency deals she does each day, has found time to pose for not one, but two photos for the company's annual report. Leak thinks the team needs to go on some IT training refresher courses though. In one of the pictures Terje Fronth-Pedersen, Kommunalbanken's portfolio manager, is busy clicking on his mouse buttons despite his computer screen not being switched on.