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Belgium Fortis Finance has again turned to Chase for its loan financing needs. This time the Benelux banking group requires a $250m US swingline facility.

ARRANGERS SEB signed the Skr1.6bn revolver for Hotellus International on August 31, after increasing it from Skr1.5bn. Coming in as co-arranger is MeritaNordbanken, taking Skr500m, and the participants, taking Skr300m, are LB Kiel and Svenska Handelsbanken. SEB also takes Skr500m.

Czech Republic Vetropack Moravia Glass AS, a glass manufacturer owned via Vetropack Holding Austria by the Swiss Vetropack Group, has raised a Ck1.35bn facility via joint arrangers Raiffeisenbank Prague and Bank Austria Creditanstalt. It was signed on Wednesday.

SOLE ARRANGER and underwriter Citibank is arranging an Eu800m facility for Heineken España, which is buying the Cruzcampo and El Aguila beer brands from Diageo. The transaction has two tranches. Tranche 'A' is a Eu330m term loan to finance the purchase of these brands. Tranche 'B' is a Eu470m revolver for general corporate purposes.

SYNDICATION for the Elefsina-Stavros-Spata & Imittos Western Peripheral Motorway project financing will be restarted by the end of the month. Sell-down was stopped as a result of a number of changes made to the operation of the project in June. A revised information memorandum should be finalised within the next couple of weeks. Lead arrangers are Bank of Tokyo-Mitsubishi (syndication agent), Bayerische Hypo-und Vereinsbank, Commercial Bank of Greece, National Bank of Greece and SG.

Australia The $920m project financing for Southern Cross Cables signed in December 1998 has been called off by sponsors Cable & Wireless Optus, MCI WorldCom and Telecom Corp of New Zealand.

ARRANGERS OF the £2bn credit for British Aerospace - HSBC (books), Lloyds Bank Capital Markets (agent), Barclays (books), Citibank, Deutsche Bank, Dresdner Kleinwort Benson and Greenwich NatWest - have wrapped up the co-arranging level, after more than 30 banks joined up. They are Argentaria, ABN Amro, Arab Bank, ANZ, Banca di Roma, Bayerische Landesbank, Bank of America, Banca Commerciale Italiana, Banque Nationale de Paris, Bank of Tokyo-Mitsubishi, Commercial Bank of Australia, Chase Manhattan, Commerzbank, Crédit Lyonnais, DG Bank, First National Bank of Chicago, HypoVereinsbank, JP Morgan, KBC Bank, Paribas, Royal Bank of Scotland, Bank of Nova Scotia, SG, Toronto-Dominion, UniCredito, Wachovia, Warburg Dillon Read, WestLB, Dai-Ichi Kangyo and Sumitomo.

Ghana Euroweek hears that Barclays has received a verbal mandate from Ghana Cocoa Board (Cocobod). Barclays was unavailable for comment. However the amount required is $300m and the margin is around 35bp over Libor.

ING has the mandate as sole arranger for a Dfl 3.5bn equity finance package for Vedior NV, which is buying Select Appointments. The deal is split into two parts, worth Dfl 3.15bn and £109m (Dfl 350m). The first part is broken into three tranches. Tranche 'A' is a Dfl 650m equity bridge. Tranche 'B' is a Dfl 2bn share offer consideration bridge. Tranche 'C' is a Dfl 500m working capital revolver.

Argentina Lead arranger Citibank NA has completed a $62.5m 364 day bridge loan for private electricity utility, Empresa Distribuidora Norte SA (Edenor).

Bahrain Bahrain International Bank has mandated ANZ Investment Bank, Arab Bank, Arab Investment Company and DG Bank to arrange a $60m credit.

THE Eu650m acquisition financing for Huhtamaki Oy was launched this week to co-arrangers and senior lead managers, by arrangers Citibank (books) and MeritaNordbanken (documentation and facility agent). Huhtamaki Oy is buying Van Leer of the Netherlands as part of its move to focus on its packaging business.