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Rating: Aa3/A+/AA- Amount: Nkr500m

Guarantor: Olivetti SpA Rating: Baa2/BBB/BBB

Italian telecoms company Olivetti this week completed a Eu1.55bn increase to three outstanding issues, the largest amount raised by a corporate borrower since Volkswagen's Eu2bn offering almost a month ago. On Wednesday, after raising nearly Eu2bn in interest, Olivetti priced a Eu400m increase to its 2006 FRN at 150bp over three month Euribor, Eu650m to its 6.5% 2007 at 185bp over mid-swaps, and Eu500m to its 7.25% 2012 at 215bp over mid-swaps. Lead managers were Caboto IntesaBci, Goldman Sachs, JP Morgan and Lehman Brothers.

Rating: Aaa Amount: Sfr454m

Amount: £200m Legal maturity: December 15, 2034

Joint mandated arrangers Arab Banking Corporation (ABC) (facility agent), National Bank of Abu Dhabi (information memorandum) and Bank of Tokyo-Mitsubishi launched the $120m three year facility for Commercial Bank of Qatar into general syndication this week. Eight banks joined the deal in senior syndication. Co-arrangers have been invited for takes of $5m for a fee of 20bp. Commitments are due by October 1.

Rating: Aaa/AAA Amount: Nkr500m

Rating: Aa3/A+ Amount: Eu150m

Rating: Aaa/AAA/AAA Amount: $400m

Rating: Aa2/AA/AA- Amount: Nkr2bn

Termoelectrica is collecting bids to arrange its new $200m five or six year facility. The borrower invited 14 banks to bid. It has since revised its request and is collecting proposals for both five or six year facilities. This change was in response to initial feedback from its relationship banks.

Mandated lead arrangers BNP Paribas, Citigroup/SSSB and WestLB are collecting commitments to join general syndication of the $450m five year pre-export finance facility for Sibneft. Final commitments are due next week and banks joining during general syndication will be signed in on September 30.