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Mandated arrangers LB Kiel, RZB and ING will next week launch the Eu40m three year facility for Abanka, the fifth largest bank in Slovenia. The margin is understood to be around 50bp over Euribor.

HSBC is one of the banks to have won the mandate to arrange a Singapore dollar loan for an affiliate of the NTUC. Details are being finalised and the arrangers will launch the deal in the near future. The S$300m three year term loan for Unicorn Square, guaranteed by Straits Trading, is progressing well in the sub-underwriting stage.

EuroWeek understands that Goldman Sachs, BBVA and Caixa (all joint bookrunners) are arranging a one year bridge loan for Enagas. The Eu1bn IPO-linked deal will be taken out by a bond later this year. Before the capital markets take out the deal will be sold down into the loan market.

Rating: Aa3/AA- (Moody's/Fitch) Amount: Nkr110m

Against all the odds, Colombia managed to raise almost $200m in cash and exchange about $300m of short dated bonds for a new 2010 dollar bond this week, amid some of the worst emerging market volatility this year. In the face of a meltdown in the high grade bond market and Latin America's own Brazil-fuelled jitters, Merrill Lynch and Citigroup/SSB were able to price the $500m 10.5% 2010 issue to yield 10.75% and keep it trading around its issue price of 98.681.

Arrangers Nordea and SEB Merchant Banking have signed the $175m five year multi-currency revolver for Observer AB. Svenska Handelsbanken has joined as a senior co-arranger.

Rating: Aa2/AA+ Amount: Nkr220m

Barclays Capital (joint bookrunner, documentation), BNP Paribas (joint bookrunner), Deutsche Bank, JP Morgan and SG (facility agent) have signed banks into the $3bn 364 day revolver for Glencore International. ABN Amro, Crédit Agricole Indosuez, Dresdner Kleinwort Wasserstein, ING and Rabobank have come in as lead arrangers. ANZ, HypoVereinsbank, Citigroup/SSSB, CSFB, KfW and WestLB are arrangers. Fortis Bank, SMBC and Royal Bank of Scotland are co-arrangers. ABC, Danske Bank, DZ Bank, Fleet Boston, Lloyds, NordLB, Scotiabank and Standard Chartered are senior lead managers.

The long awaited mandate for the Taiwanese dollar fundraising for Quanta Display Technologies has been awarded to Chiao Tung Bank, Citigroup/SSB (Taipei), International Commercial Bank of China and Taiwan Cooperative Bank. This is the first of what is expected to be a total of five mandates to be awarded by Taiwan's leading flat screen manufacturer as it looks to develop its fifth generation TFT-LCD (thin fluid transistor-liquid crystal display) computer monitors.

The mayor of London, Ken Livingstone, and Transport for London (TfL) had their request for an urgent hearing of their application for judicial review of the planned London Underground Public Private Partnership (PPP) granted this week in the High Court. The likely date for the hearing is July 23 or 24. TfL and the mayor are arguing that the structure of the PPP will create a £1.5bn funding gap.

Despite market grumbles about the tight pricing and lack of financial covenants, the $3.5bn five year revolver for Royal Philips Electronics is progressing well in syndication. "There has been the usual moaning about margins," said one distributor from an arranging bank. "But banks make a lot of money from the name, and anyway, the deal has the comfort of a pricing grid, which is more than what a lot of other relationship deals in the market offer."

Mandated arrangers ABC and Citigroup/SSB are due to close syndication of the $50m facility for Union International de Banque today (Friday). The deal, which is due to be signed on July 10, has been oversubscribed by up to $10m. Arab Investment Company has joined the deal for a title of lead arranger for $10m. A group of local and international banks have joined the deal in general syndication. The facility pays a margin of 75bp over Libor (for ticket details see EuroWeek 757).