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Mandated arranger Deutsche Bank has launched syndication of the $350m 3-1/2 year refinancing for Skandia Capital. A bank meeting will be held in Stockholm next Friday. The deal pays a margin of 45bp over Libor. A commitment fee of 20bp is also payable and there are no utilisation fees. Three tickets are on offer during syndication: $40m for 15bp; $30m for 12.5bp; and $20m for a fee of 10.5bp. Proceeds will be used to refinance the borrower's $350m seven year facility which it secured in 1996. Mandated arrangers were Den Danske Bank and SEB Merchant Banking. That transaction paid a margin of 17.5bp for years one to five and 22.5bp for years six and seven. Proceeds will also be used for working capital purposes.

Rating: Aa2/AA+ Amount: NZ$100m

Syndication of the debt facilities backing the BC Partners-led buy-out of Hirslanden Healthcare from UBS Warburg is progressing well. The deal, split into Sfr645m of senior debt and Sfr110m of mezzanine, was launched into general syndication at the end of January. Five banks committed to the deal before the retail phase.

Uni President Enterprises is inviting banks to bid for a NT$4.8bn 16 year fundraising project financing that involves the development of a 15 storey commercial centre and a station for the Taipei Rapid Transit System. The borrower, Taiwan's largest food company and one of its largest conglomerates, will take a 50% stake in the construction project. Under the build-operate-transfer proposal, Uni-President will operate the commercial centre for 50 years before handing it over to the city government.

TelecomAsia has sent out RFPs to a limited number of banks asking for a facility to refinance a bridge loan provided by a consortium of Thai banks in 2002. The structure of the deal has not been specified, but bankers say the borrower is looking for proposals covering a wide variety of options, including uncovered loans and export credit alternatives.

Guarantor: TotalFinaElf SA Rating: Aa2/AA

Amount: Skr970m Tranche 1: Skr500m

Rating: A1/AAA/AA+ Amount: Eu500m (fungible with two issue totaling Eu1.5bn issue launched 17/10/02) Öffentlicher Pfandbrief series 338