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Arranger Taipei Bank has completed the NT$2.2bn five year fundraising for Tsann Kuen Enterprise. The arranger contributed NT$690m. Participants are Chang Hwa Commercial Bank and Taiwan Cooperative Bank absorbing NT$440m each, Hua Nan Commercial Bank providing NT$330m, and Land Bank of Taiwan pledging NT$300m.

French bankers focused their attentions on defence conglomerate Thales yesterday (Thursday), as speculation mounted that Crédit Lyonnais had won a privatisation mandate from the Trésor. Both the Trésor and Crédit Lyonnais declined to comment on whether the bank had won the mandate to reduce the state's Eu1.9bn holding in the company.

Rating: Aa1/AAA Amount: Eu750m

The mandated arrangers signed banks into the $80m facility for Export Credit Bank of Turkey (Turk Eximbank) on Tuesday. The deal has been oversubscribed and increased to $125m.

Guarantor: Unilever plc Rating: A1/A+

Rating: Baa2/BBB-/BBB- Amount: $1.75bn (increased from $1.5bn)

Amount: £855m Issue price: 100.00

The syndicate of banks that signed into the Eu3bn five year revolving credit for Vivendi Universal in March 2002 and its Eu850m five year revolver in March 1999 gathered in Paris on Wednesday to attend an information meeting hosted by Vivendi and a group of 11 banks. At the meeting, Vivendi and the 11 banks asked the syndicate of lenders in the two facilities to waive negative pledge agreements.

Rating: Aa2/AA/AA

Wella, the German hair care company, has signed a Eu1bn debt issuance programme. Deutsche Bank has bagged the arrangership. The issuer has decided against applying for a long term rating from any of the agencies because Peter Pielmeyer, head of group financing at the issuer, believes that the company's brand name will overcome any problems attracting investors. "We have not published a long term rating," he said. "We come as part of a sector that is rare to investors and this, coupled with Wella's credit standing and name recognition, will be more than sufficient to mobilise the funds we may need."