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Final commitments for Irish Nationwide's Eu200m three year term loan are due in by May 22. Arrangers Danske Bank, Royal Bank of Scotland and WestLB say that along with UK institutions, German Landesbanks and Italian banks have shown interest in the deal.

Amount: Eu1bn Legal maturity: May 16, 2007

Guarantor: KBC Bank NV Rating: Aa3/A+

Rating: Kreditanstalt für Wiederaufbau Amount: $100m

Rating: Aaa/AA+ Amount: $1.25bn (increased 16/05/02 from $1bn)

Kingfisher, the UK retailer, has revived a little-used standby underwriting structure for its £2bn rights issue to enable its Eu5bn bid for the 45% of French group Castorama it does not already own. Credit Suisse First Boston, Goldman Sachs and UBS Warburg are underwriting the deeply discounted offer which provides Kingfisher with guaranteed financing, even though it may not complete its acquisition for another 12 weeks.

BNP Paribas, Deutsche Bank and UBS Warburg have won the mandate to arrange and underwrite the Eu2.4bn acquisition facility backing Kingfisher's proposed acquisition of the 45% share of France's Castorama Dubois that it does not already own. The offer is due to be put to minority shareholders provided the offer price is deemed fair by an independent adjudicator. Of the £3.2bn proposed takeover, approximately £2bn will be financed by a rights offer underwritten by Credit Suisse First Boston, Goldman Sachs and UBS Warburg. The balance will be funded by bank debt.

Rating: A2/A- Amount: $2. 5bn (increased from $2bn)

ABN Amro, Hanvit Bank and Kookmin Bank launched the $120m loan-style FRN for LG Chem to sub-underwriters on May 15. The deal is split between a $40m 2-1/2 year portion, a $40m three year tranche and a $40mw3-1/2 year segment. The margin has been set at 60bp for all three tranches with an all-in of 80bp for a blended life of three years.

There is one more round of bidding left to go before Ford announces who has clinched a deal for its subsidiary Kwikfit. EuroWeek hears that three parties are competing for the asset.

Colin Lally, a respected securitisation banker at Nomura, has left to join his former boss Henry Cooke, who now works at the insurance broker Marsh & McLennan Companies (MMC Group). Lally's departure means that all eight senior securitisation staff who were at Nomura 14 months ago have now left. The close-knit group broke up after co-head Robert Palache left to run corporate securitisation at Barclays Capital in March 2001.