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Joint mandated arrangers Arab Banking Corporation (ABC) (facility agent), National Bank of Abu Dhabi (information memorandum) and Bank of Tokyo-Mitsubishi (bookrunner) will close senior syndication of the $120m three year facility for the Commercial Bank of Qatar next week. The credit has been well received with many local banks interested in soaking up the debt.

US investment house Carlyle Group has emerged as the ministry of defence's preferred bidder for QinetiQ - formerly called the Defence Evaluation and Research Agency. Other sponsors which were thought to be bidding were Apax Partners, Cinven and Barclays Capital. Carlyle now has exclusivity until a deal is brokered before the year end.

Rating: Baa1/BBB+/BBB+ Amount: $400m (fungible with $1bn issue launched 27/07/02)

Rheinmetall has put its name to a Eu500m multi-currency CP programme and Dresdner Kleinwort Wasserstein has scooped the arranging mandate. It is the fifth German issuer to come to market this year after ThyssenKrupp signed its Eu1.5bn facility in July. Ralph Uphaus, Rheinmetall's treasurer, said: "We try to follow a strategy of diversification, and this signing is a further step in that direction. We have already made several issues off the programme, but at the moment we will only be tapping the market in euros."

Rating: Ba1/BB+ Amount: $300m

Requests for proposals (RFPs) have gone out to a select group of banks to join the $200m six year facility for Termoelectrica. The deal has caused a stir. It will be the longest tenor the borrower has attempted.

NM Rothschild, the UK independent bank, became the latest institution to become disillusioned with fund management when it effectively put its asset management up for sale this week. The group has decided to develop its private banking and wealth management operations, and has hired Mike Bussey, former joint chief executive of Schroders Private Banking, to spearhead this growth.

The mandate to arrange the $100m 18 month facility for Vneshtorgbank (Bank for Foreign Trade) has been awarded to Deutsche Bank and Citigroup/SSSB, say bankers. The deal carries a margin of less than 275bp over Libor. The borrower tapped the market this July with a Eu3.24m facility arranged through Deutsche Bank. AKA Ausfuhrkredit-gesellschaft joined as a participant. The credit matures in 2008.

A1/A+ rated multi-utility RWE is planning to tap the European syndicated loan market for the first time, having mandated Barclays Capital, Citigroup/SSSB, Deutsche Bank and JP Morgan to arrange its debut Eu5bn syndicated facility. RWE has decided to break its loan market duck to raise liquidity in order to support its global CP programme.

A1/A+ rated multi-utility RWE is planning to tap the European syndicated loan market for the first time, having mandated Barclays Capital, Citigroup/SSSB, Deutsche Bank and JP Morgan to arrange its debut Eu5bn syndicated facility. RWE has decided to break its loan market duck to raise liquidity in order to support its global CP programme.

Reaction to the September 11 anniversary will be more muted on the emerging markets desks in London and throughout Europe than in the US, although most banks expect to observe at least one period of silence. One trader said no meetings have been arranged on Wednesday. He expects most people to spend the day at their desks, watching the news and their screens. "If something relating to al-Qaida happens, then we will see extremes," he said. "If nothing happens, then recent volatility will calm down."

Rating: AA- Amount: $100m