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The Eu35m three year facility for Postabank Hungary is proving successful in syndication. Key relationship banks have been invited by mandated arranger DZ Bank to join the deal, and commitments are due by next week.

Rating: A2/A Tranche 1: Eu1.25bn

Rating: Aa3/A/A+ Amount: Eu100m

IBM (International Business Machines Corporation) has put its name to a $1 billion Euro-CP programme. Deutsche Bank has scooped the arrangership. It is the third signing from a US issuer since the start of 2002. The previous signings were AOL Time Warner's $2 billion facility, Prudential Financial's $1 billion programme and Quasar Funding's euro4 billion ($3.57 billion) shelf. IBM's programme will join the issuer's euro8 billion Euro-MTN facility that was signed in 1991. The programme has $3.89 billion outstanding off 10 trades. Deutsche Bank is the only dealer appointed to both IBM's Euro-MTN and Euro-CP programmes. The Euro-CP facility is rated A-1 by Standard & Poor's and P-1 by Moody's. The signing comes after IBM recently issued its first profits warning to the market for more than a decade. The news has shocked investors, as the company had remained very strong during the depths of recession. The dealers off the programme are the arranger, Barclays Capital, Citibank and Credit Suisse First Boston. The facility was signed on April 15. The appointed IPA off the programme is JPMorgan Chase Bank.

Rating: Baa2 Amount: Eu500m

Guarantor: PT Telekomunikasi Selular Rating: B3/B+

Banks joining senior syndication of Imperial Tobacco's jumbo Eu5.9bn acquisition financing will be signed into the deal on Tuesday. Demand in the first round of syndication means that the deal will not be launched into retail.

Rating: A1/A+ Amount: ¥80bn global bond

Amount: Eu358.5m Legal maturity: May 25, 2014

Rating: Aa3/A Amount: Eu1bn subordinated debt (increased from Eu750m)

Rating: Aaa/AAA Amount: $1bn

Rating: A2/A- Amount: Eu500m lower tier two capital