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Rating: Aaa Amount: $1bn designated bonds

Joint mandated arrangers Commerzbank and Nordea have closed syndication of the Eu125m facility for chemicals and plastics supplier Uponor. The deal has been oversubscribed but it is thought that the borrower will not accept the increase. The deal has attracted a diverse group of some 10-15 banks. Signing has been earmarked for September 15.

Sole mandated arranger and bookrunner Natexis Banques Populaires has signed banks into the combined Eu300m seven year credit facility for Générale de Santé, Compagnie Générale de Santé, Générale de Santé Cliniques and Immibilière de Santé. Crédit Industriel et Commercial joined as a co-lead arranger and sub-underwriter.

Rating: Aaa/AAA/AAA Amount: Eu125m Landesschatzanweisung 96 (fungible with Eu500m issue launched 19/06/02)

Dresdner Kleinwort Wasserstein is arranging a new project financing to support the construction of the Advanced Mask Technology Centre (AMTC) in Dresden. Details of the facility have not been released.

Banks and institutions invited to join the £305.2m senior and £70m of subordinated debt facilities supporting CVC's buy-out of car parts and bike retailer Halfords have spent this week dissecting the information memorandum sent out by sole mandated arranger Barclays. "The business plan has neat, sensible projections," said one invited banker. "And Halfords does not have a direct competitor, which is a plus."

Guarantor: GlaxoSmithKline plc Rating: Aa2/AA

Guarantor: Landesbank Hessen-Thüringen Girozentrale Rating: Aaa/AAA/AAA

A HK$400m two year FRCD for Asia Commercial Bank has been launched into general syndication by arrangers Commerz East Asia, ICBC Asia and Standard Chartered. Banks joining the facility will receive a margin of 30bp over Hibor. Fees to the market are at two tiers: co-arrangers committing HK$60m or more earn 26bp and lead managers taking HK$30m-HK$55m receive 22bp.

BayernLB has been awarded the mandate to arrange a Eu100m two year bullet term loan for Landsbanki Islands, Iceland's national bank. BayernLB will invite a select group of banks to join the deal in senior syndication before it is launched into general syndication.

Rating: A/A1/A+ Amount: Nkr500m

Renewed bids for the mandate to arrange the Eu130m seven year facility for the Municipality of Budapest are due by September 6. Banks have formed four groups. ABN Amro and KBC have joined forces while BNP Paribas, Bank Austria, BayernLB, DZ Bank and RZB are also bidding. A banker close to the deal told EuroWeek that the local banks are out of the bidding process as they did not submit competitive bids. He also said that the deal carries a margin of 25bp over Libor. But others said that competition will drive the margin down to around 20bp.