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Banks were signed into Gallaher's £650m five year loan on Tuesday. They are ABN Amro, Barclays, BayernLB, BNP Paribas, Caja Madrid, Dresdner Kleinwort Wasserstein, Goldman Sachs, HSBC, ING, JP Morgan, Lloyds, Royal Bank of Scotland, WestLB are called mandated lead arrangers.

EuroWeek hears Energie Baden Württemberg (ENBW) has mandated Citigroup/SSSB, SG and Royal Bank of Scotland to arrange its new Eu3bn loan. The deal refinances a Eu3bn revolver signed in 2002. None of the arrangers of the 2002 loan - Barclays, JP Morgan and WestLB - feature in the 2003 deal

The Hellenic Republic will broaden the euro inflation-linked market next week when it launches a Eu700m minimum 2025 bond via JP Morgan, National Bank of Greece and UBS Warburg. Since October, when Agence France Trésor (AFT) launched the first government bond linked to euro inflation, several EU sovereigns have examined the possibility of entering the market. Last month Réseau Ferré de France became the first non-government issuer to sell the product via an Eu800m 20 year issue.

Guarantor: Hanson plc Rating: Baa1

Bank of China, HSBC and Sumitomo Mitsui Banking Corp have launched a HK$2.4bn five year term loan for Cheung Kong Finance, guaranteed by parent Cheung Kong Holdings. Participants receive a margin of 35bp over Hibor. Senior managers pledging HK$150m or more gain 40bp, lead managers absorbing HK$100m-HK$140m 32.5bp and managers taking HK$50m-HK$90m, 27.5bp.

Amount: Sfr2.5bn equivalent Rating: Moody's/Fitch

Rating: Aa3/A+ Amount: Eu1bn lower tier two capital

HSBC has underlined its ambition to expand in the Australian, New Zealand and Japanese loan markets with a set of new appointments. The bank has hired Graham McNamara from National Australia Bank (NAB) to head up its Australasian syndication efforts.

Mandated arrangers Bank Austria Creditanstalt (joint bookrunner), DZ Bank (joint bookrunner), ING and LB Kiel (joint bookrunner) will sign banks into the Eu150m five year bullet facility for Central-European International Bank (CIB) today (Friday). The deal has been oversubscribed and is due to be increased to Eu200m on signing. BayernLB and Erste Bank joined as arrangers for fees of 30bp. Baden-Württembergische Bank, Landesbank Rheinland-Pfalz and NordLB joined as co-arrangers for fees of 27.5bp. Deutsche Postbank joined as a senior lead manager for a fee of 25bp. Managers American Express, Banca Monte dei Paschi di Siena, Landesbank Saar, Zürcher Kantonalbank and Banque et Caisse d'Epargne de l'Etat joined for fees of 20bp. The deal paid two margins, a 22.5bp over Libor for years one to three and 25bp for years four and five.

Mandated arrangers LB Kiel and RZB have launched syndication of the Eu40m term loan for Reykjavik Savings Bank (Spron). Commitments are due by the end of March. For more details see EuroWeek 793.

Guarantor: Hutchison Whampoa Ltd Rating: A3/A

Barclays Capital, Crédit Lyonnais, HSBC and Natexis Banques Populaires are receiving encouraging responses to the $75m five year term loan for Industrial Development Bank of India. The deal has been oversubscribed with seven banks joining. A further two banks are waiting for head office approvals.