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Denmark JP Morgan (co-ordinator) and Den Dankse Bank (facility agent) have won the mandate to arrange a $350m seven year multicurrency revolving credit for Tele Danmark. The borrower will use the loan for general corporate purposes. The loan is priced at 12.5bp over Libor for the first five years and 15bp for the final two years. A commitment fee of 6bp is offered for the first five years and 6.5bp thereafter.

The DM100m three year revolving credit arranged for the Republic of Slovenia has closed after an extremely successful syndication. Appetite proved to be extremely strong and the facility was increased to DM150m with banks' commitments still scaled back. The success of the deal will provide welcome relief to arrangers in the central and east European loan market which have this year struggled to get their deals away. Appetite has been poor and only the best credits have attracted the full attention of participants.

* Bank Nederlandse Gemeenten Rating: Aaa/AAA

GLOBAL co-ordinators Merrill Lynch, Argentaria, BBV and BCH this week set in motion the $2bn sale of stock in Tabacalera, the Spanish tobacco company. The research meeting for analysts took place on Wednesday and this will be followed by a syndicate briefing next Thursday at which members of the selling group will be primed on the structure of the sale.

* Citicorp Rating: Aa3/A+

* Bank Nederlandse Gemeenten Rating: Aaa/AAA

* Abbey National Treasury Services plc Guarantor: Abbey National plc

BANQUE Nationale de Paris and Kredietbank have been officially mandated to arrange a Bfr15bn project finance loan for Telenet, a joint venture between US West, local Belgian governments and other investors. The loan will be used by the sponsor is to finance the build-out of its existing cable network, which just provides TV cable, so that it can additionally provide voice telephony and internet access.

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* European Bank for Reconstruction & Development Rating: Aaa/AAA

ABN Amro, Bank of Nova Scotia and Export Development Corp-oration of Canada have launched syndication of a £96m project financing that will fund the construction of the Medium Support Helicopter Aircrew Training Facility, a helicopter simulator for aircrew. The project is part of the UK's Public Private Partnership, formerly known as the Private Finance Initiative (PFI). The sponsor group of the project comprises CAE Group, Vega Plc, Serco Group and Charterhouse.