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  • Bank Austria has signed a $155m facility for aluminium company Alro and its Dutch owner Marco.
  • Dresdner Kleinwort Wasserstein (bookrunner), Natexis Banques Populaires, SMBC (bookrunner), Standard Bank and WestLB have launched senior syndication of MDM Bank's $100m one year loan.
  • Guarantor: Südzucker AG
  • Südzucker, the German sugar producer, became the first corporate issuer in this year's wave of hybrid capital to increase its transaction this week, having opened the market in June.
  • Calyon (bookrunner), HSBC, HVB, ING and Royal Bank of Scotland (bookrunner) have agreed a £315m project finance facility for Saltend Cogeneration Company.
  • Saudi Aramco and Japan's Sumitomo Chemical Company on Monday signed a joint venture agreement to build the planned refinery and petrochemicals complex at Rabigh.
  • Rating: A2/A
  • The corporate market wrung out its last deal before the summer break this week as Schneider Electric, the French electrical distributor, brought a Eu1.5bn trade.
  • It was an active week in the secondary market despite traders and investors being on holiday. There was a lot of trading of recently syndicated deals although no major leveraged deals broke free to trade.
  • Food and drink retailer Mercator, the Serbian branch of Slovenia's Poslovni Sistem Mercator, is talking to lenders about a syndicated loan, EuroWeek understands.
  • Rating: A2/A
  • Crédit Agricole Asset Management is looking to expand a European credit fund by opening its capital-protected portfolio to U.S. dollar and sterling investors.