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France Speculation grew this week about a further sell down in Vivendi Environnement by its former parent Vivendi Universal.

Rating: A aa/AAA/AAA Amount: Eu1bn öffentlicher Pfandbrief series 8

Mandated arrangers BNP Paribas, Union Bank of Norway and ING have launched syndication of the Eu400m term loan for Norske Skogindustrier. The deal carries a margin of 65bp over Euribor.

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