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Bank of Tokyo-Mitsubishi, Citigroup/SSB and ING Bank have been appointed to arrange a $100m five year export credit financing for Smart Communications. An application has been submitted to Nexi, a Japanese export credit agency, to provide political insurance and commercial risk coverage.

Pimco Europe continues to expand its presence in the Nordic region, this week winning a mandate from the City of Oslo to manage a $220m fixed income portfolio for its employee pension fund. The tendering process started before Christmas and was managed by Wassum, the Scandinavian investment consultancy. In a step that is more common on the continent than in the UK, the City of Oslo opted for a unified fund structure domiciled in Luxembourg rather than running separate accounts. "It takes away the burden of book keeping and administration, and reduces the auditing to a single net asset value," said Peter Lindgren, Pimco's sales director for the Nordic region.

Polskie Sieci Elektroenergetyczne (PSE) has awarded the mandate to arrange its Eu170m five year facility. Citigroup/SSSB (bookrunner) and ING (facility agent) will lead the deal.