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Amount: £357m Legal maturity: May 15, 2009

The syndication of Banka Celje's Eu40m five year facility has been well received in the market. Arrangers Bank Austria and BayernLB are waiting for a number of other banks to join them at arranger level. Commitments are due back next week when the deal will be launched into general syndication. Arrangers are understood to be participating for tickets of $5m.

Singapore's second largest cellular phone firm, MobileOne, has awarded the long awaited mandate for its S$250m funding requirement to ABN Amro. ABN beat off competition from DBS and a joint effort from HSBC and OCBC.

Rating: AA+ Amount: Eu30m

Guarantor: Sol Melia SA Rating: BBB+ (Fitch)

BMW South Africa is looking for funding of up to R2bn (around $200m) to finance its expansion in South Africa. Bankers have proposed various structures and pricing to the corporate, which is looking for a long term commitment.

Standard & Poor's (S&P) has downgraded the Republic of Lebanon to B- from B, with a negative outlook. The agency noted its concerns over the country's mounting public debt burden and diminishing prospects that the government will be able to take strong fiscal adjustment measures and secure financial support from official donors in the near term.

The $450m five year facility for the State of Qatar has been well received by the market and the close of syndication has been extended for a week. Five or six other banks are understood to be joining the deal and an oversubscription is expected.

The first round of elections has produced a surprise result in Hungary, with the Socialist party (MSzP) coming out on top, ahead of the governing centre-right Fidesz/ MDF party, despite opinion polls predicting a government lead. A second round of elections is due on April 21, at which more than half of the total 386 constituency seats will be subject to a run-off. However, analysts see the chances of Fidesz recovering as slim, as the MSzP will agree an electoral pact with the Free Democrat SzDSz party. The resolution of the election should remove the main hurdle to a number of potential Eurobonds from government related issuers.

Bankers working in the Nordic region are waiting for competition clearance from the Swedish and Finnish governments for the merger between Telia and Sonera before they start pitching for refinancing mandates of the two incumbents' outstanding debt. Telia mandated JP Morgan to arrange a $1bn seven year revolver in 1996. Deutsche arranged a $1bn Euro-MTM programme for Telia in 1997. Citigroup/SSSB was the issuing, paying and sub-paying agent.

Mandated lead arrangers Citigroup/SSSB, CSFB and Barclays have confirmed that the first recommitment for ABB's newly restructured $3bn revolving facility was submitted this week. Credit committees of the re-invited bank syndicate that initially joined the deal in December 2001 are assessing the deal for the recently downgraded company.