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Rating: Aa2/AA Amount: C$100m

Joint mandated arrangers Arab Banking Corporation (ABC) (facility agent), National Bank of Abu Dhabi (information memorandum) and Bank of Tokyo-Mitsubishi (bookrunner) will launch the $120m three year bullet term loan for the Commercial Bank of Qatar into syndication on Tuesday August 27. The deal pays a margin of 47.5bp over Libor. The facility will be used for general funding purposes and to refinance the borrower's previous facility signed in May 2000. This was a $120m five year term loan that paid a margin of 70bp over Libor.

Bank of America, Deutsche Bank, JP Morgan, Lehman Brothers and Wachovia have been mandated to arrange the debt facilities backing the world's second largest ever leveraged buy-out - the $7.05bn LBO of QwestDex from Denver-based communications company Qwest by Carlyle Group and Welsh, Carson, Anderson & Stowe. QwestDex is Qwest's directories business.

Rating: Aaa/AAA/AAA Amount: $500m

Mandated arrangers RZB and ZAO Raiffeisenbank Austria will sign banks into the $20m 364 day facility for Ural-Siberian Bank (formerly BashCreditBank) today (Friday). The facility has been oversubscribed and will be increased to $25m-$30m.

Rating: A1/A+ Amount: Eu100m (fungible with Eu500m issue launched 21/05/02)

Banks are bidding on the proposed $650m refinancing for Sadaf, the joint venture between Shell and Saudi Arabian Basic Industries Corporation (Sabic). The new deal refinances two project financings used to develop and then expand styrene production facilities and a cogeneration unit.

Rating: AA+ Amount: Sfr250m

With only four months left in 2002, lending banks are running out of time to meet budgets for the year. With volumes in the European loan market heavily down on last year, some banks are hoping that the Eu16bn of leveraged loans to be syndicated in September will provide a buying opportunity when that debt hits the secondary loan market. Banks which do not have the resources to buy big pro rata tickets of leveraged loans offered in primary syndication, will have the opportunity to buy small pieces of the high yielding assets in the secondary market to help fill gaps in their budgets.

Amount: A$400m Legal maturity: September 18, 2028

Mandated arranger Bank of Tokyo-Mitsubishi has signed banks into the $150m multi-tranche facility for the Central Bank of the Republic of Seychelles. Barclays Bank and Standard Chartered have joined as lead arrangers. Belgolaise Bank and Mauritius Commercial Bank have joined as arrangers and Nouvobanq as a co-arranger. Alpha Bank has joined as a lead manager and African Export-Import Bank as a manager. Co-managers are Banque Inter-nationale des Mascareignes, Banque Misr and Habib Allied International Bank.

EuroWeek hears that the UK Ministry of Defence's £1.6bn Skynet 5 satellite communications project will be financed by a £1.05bn credit facility. BNP Paribas, CIBC World Markets and HSBC, which were considering a wrapped bond financing, have instead opted to arrange a bank loan.