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Guarantor: Shell Petroleum Company Ltd/Shell Petroleum NV Rating: Aaa/AAA

Banks have been signed into Korea based Shinhan Bank's Eu200m one year term loan. The facility is the first euro denominated loan syndicated in the Euromarket for a Korean commercial bank. Joint bookrunners Lloyds (documentation and agency) and BayernLB are leading the financing. Shinhan Bank ventured into the Euroloan market with a Eu150m best efforts deal and an overwhelming response from 15 international institutions means that the loan was closed oversubscribed and increased to Eu200m.

The first round of syndication for the loan financing supporting the development of the new Wembley National Stadium will begin today (Friday) when joint mandated lead arrangers and bookrunners WestLB, SG and Lehman Brothers invite banks to join as sub-underwriters. A bank presentation will be held in London on Wednesday next week. Tickets to the market are set at underwrites of £60m for targeted final holds of £40m for an all-in fee of 140bp.

Arranger OCBC has launched a S$145m three year term loan for Ascendas Real Estate Investment Trust. Ascendas-MGM Funds Management is in charge of managing the fund and is jointly owned by Ascendas Investment, a related firm of Ascendas (60%) and Macquarie Goodman Industrial (40%).

Mandated arranger RZB has closed syndication of the Eu60m five year facility for Vseobecna Uverova Bank (VUB). The deal has been oversubscribed but will not be increased. Signing will take place in two weeks. Crédit Lyonnais joined as an arranger. BW Bank, DZ Bank, LB Kiel, WGZ and Erste Bank Slovenia joined as arrangers. Bawag joined as a co-arranger. MKB Hungary joined as a lead manager and Banca Monte dei Paschi di Siena as a manager. For tickets and fees see EuroWeek 771.

The Eu30m five year facility for Telekom Slovenije has been signed through mandated arrangers Bank Austria Creditanstalt and Mizuho. Investkredit Bank also joined the deal. Two levels of participation were offered: lead manager for a take of Eu5m for a fee of 35bp; and manager for a take of Eu2.5m for 25bp. The facility carries a guaranteed fee of 65bp until December 2004 and then 75bp thereafter. The facility carries an EIB guarantee.

According to banks which bid for the mandate to arrange Kumba Resource's debut syndicated loan, the corporate is likely to put off borrowing until 2003. Kumba is looking for a $125m three year amortising term loan and is likely to mandate around six banks to provide the club deal. ABN Amro, Bank of Tokyo-Mitsubishi, Citigroup/SSSB, Dresdner Kleinwort Wasserstein and SMBC are thought to have submitted bids.

Fortis Bank has joined sole mandated arranger HVB as an underwriting arranger in the syndication of the Eu220m Eurovento project financing. After the bank meeting and site visit last Thursday and Friday, HVB received a positive response from the market.

Guarantor: Republic of Austria Rating: Aaa/AAA

More details have emerged on the $700m 14 year financing for Qatar Gas-to-Liquids, the first gas-to-liquids project financing in the world. Roles among the 15 arrangers of the deal have been allocated: ABC, Abbey National Treasury Services, Apicorp (joint regional bookrunner), BNP Paribas (documentation and facility agent), Bank of Tokyo-Mitsubishi, Crédit Agricole Indosuez (international bookrunner), Crédit Lyonnais, Gulf International Bank (joint regional bookrunner), HSBC (security trustee), HVB Group, KBC (technical bank), Mizuho (insurance bank), Qatar National Bank, RBS (financial adviser) and SMBC.

The Kingdom of Sweden was in the Eurodollar market again this week with an oversubscribed and opportunistic $1bn trade in three years via Credit Suisse First Boston and JP Morgan. Only two weeks ago the sovereign was in the market with a $750m 2009 issue. "This issue offered us the opportunity of tapping into very attractive funding levels at a point on the curve that offered investors a good yield pick-up over Treasuries," said Maria Norstrom, assistant director responsible for domestic and foreign currency funding at the Swedish debt office. "With this transaction, we have completed our foreign currency funding requirement for the year and will not be in the public market again until 2003."