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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) have launched the $120m three year facility for the Commercial Bank of Qatar into senior syndication. Arrangers are being invited for tickets of $10m each. The deal pays a margin of 47.5bp over Libor, and the formal deadline for commitments is September 10. The facility will be used for general funding and to refinance the borrower's previous $120m five year term loan signed in May 2000. That deal paid a margin of 70bp over Libor. The borrower is rated A3 by Moody's.

Rating: Aaa/AAA/AAA Amount: Nkr250m (fungible with Nkr400m issue launched20/06/02

Guarantor: Rabobank Nederland Rating: Aaa/AAA/AAA

Rating: Aa2/AA/AA- Amount: $3bn

Rating: Aa2/A/AA-

Romanian electricity company Termoelectrica is readying itself to return to the syndicated loan market to secure a facility in excess of $200m with a tenor of five years. This facility will carry the longest tenor the borrower has ever sought. Termoelectrica is understood to be preparing its requests for proposals (RFPs) which will be sent out in the next 10 days once sign off has been given by the finance ministry of Romania.

Rating: AA-/AA Amount: Nkr500m

Joint mandated arrangers RZB (bookrunner) and ZAO Raiffeisenbank Austria (facility agent) have signed banks into the $20m 364 day term loan for Ural-Siberian Bank (formerly BashCreditBank). The deal was oversubscribed and increased on signing to $33m. Dresdner Kleinwort Wasserstein joined as an arranger for a take of $5m. American Express Bank, Commerzbank and ING joined as arrangers for takes of $4m. Bankgesellschaft Berlin joined as a co-arranger for a take of $3m and Moscow Narodny Bank as lead manager for a ticket of $2m. Adria Bank, DZ Bank and The Export-Import Bank of the Republic of China joined as manager for takes of $1m each.

Rating: A1/A+ Amount: Eu200m (increased from Eu150m, fungible with two issue totalling Eu350m first launched 17/05/02)

Arrangers Dresdner Kleinwort Wasserstein and Lehman Brothers have released the list of institutions which were signed into the Eu2bn facility backing the merger of South African Breweries with Miller Brewing of the US, which used to be owned by Philip Morris. The new company is called SABMiller. SunTrust committed Eu75m, Fortis Bank, Rabobank, WestLB, Lloyds, Royal Bank of Scotland, ABN Amro, Barclays, National Australia Bank, Scotia, Banc One, Bank of Scotland and Fleet Boston Financial all joined taking Eu65m. Standard Bank, HVB and Allied Irish Bank took Eu60m each. BAWAG committed Eu45m. CDC IXIS, Nedcor Trading Services, Ansbacher, Bank of America, Citigroup/ SSSB, ING, Natexis Banques Populaires, PB Capital, TD Securities and United Overseas Bank committed Eu40m.

Rating: BBB+ Amount: £50m (fungible with £200m issue launched 22/07/02)

Sole mandated arranger Bank of Tokyo-Mitsubishi will launch the Eu75m five year facility for Slovenske Elektrarne into syndication in the next two weeks. The deal has been slightly delayed while the borrower finalises its interim auditing figures. The deal pays a margin of 150bp over Libor. A number of reverse inquiries have already been received.