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The Ghana Cocoa Board (Cocobod) will award the mandate to arrange its $300m pre-export financing next week. Market sources say Standard Chartered, Citibank, Crédit Lyonnais, Dresdner Kleinwort Benson and Barclays are among the favourites to win it.

Czech Republic Euroweek hears that Commerzbank has arranged a DM103m construction loan for SPP Bohemia.

Denmark Loan market bankers are gearing up for the imminent launch of a $1bn acquisition related credit for AP Möller arranged by HSBC and JP Morgan. Market talk suggests the five year revolver will be priced at around 37.5bp over Libor.

TOMKINS PLC is to formally mandate four banks early next week to arrange a £1.3bn credit that will see it through its proposed demerger programme. The four banks will be ABN Amro, Chase Manhattan, Citibank and Paribas and they will look to launch the deal to co-arrangers in early September.

RUMOURS in the loan market that the syndication of the $3bn credit backing VNU's acquisition of Nielson to co-arrangers has been struggling are false. Euroweek has learnt that the loan is effectively oversubscribed. Last week arrangers ABN Amro and Merrill Lynch invited eight banks to join the transaction as co-arrangers. They were required to commit $500m for an upfront fee of 5bp and 10bp on final allocation.

DEUTSCHE BANK has launched the jumbo Eu4.1bn multi-tranche credit backing Linde's Skr30.9m bid for AGA of Sweden. The loan consists of a Eu2.6bn one year term loan (A1), a Eu1bn three year term loan (A2) and a Eu500m one year revolver.

Oman CIBC World Markets has signed a £10m line of credit, supported by the UK's Export Credits Guarantee Department, that will finance contracts between UK companies supplying plant and equipment and associated companies in the Sultanate of Oman as approved by the Oman International Bank.

APPETITE for the Republic of Portugal's Eu1.5bn three year standby revolving credit has been so strong that arrangers ABN Amro (bookrunner), Bayerische Landesbank (agent and documentation bank), Caixa Geral De Depósitos, DePfa, Greenwich NatWest (bookrunner) and WestLB (bookrunner) have decided against a general syndication. Banks were offered tickets of Eu100m with the debt priced at a margin of 2.75bp over Euribor with a facility fee of 2.75bp attached. A utilisation fee of 1.25bp kicks in if more than 50% of the facility is drawn.

SG, COMMERZBANK and Crédit Mutuel will launch the long awaited Eu1bn credit for Pinault Printemps La Redoute (PPR) over the next few days. Co-arrangers have been selected from the borrower's best relationship banks. The financing consists of two tranches: a Eu500m 364 day revolver that carries a margin of 20bp over Euribor, pays a commitment fee of 9bp and a further 1.25bp if between 33% and 66% is drawn down and 2.5bp if more than 66% is drawn down; and a Eu500m five year revolver that carries a margin of 25bp and offers a commitment fee of 12.5bp and the same utilisation fees as on the 364 day tranche.

Den Danske and WestLB have won the mandate to arrange a £300m 364 day revolving credit for Associates Capital Corporation plc. The financing marks Associates' first facility since it acquired Avco Trust earlier this year. Avco's traditional arrangers were Lloyds Bank, Den Danske and WestLB.

The integrity of the emerging market Brady bond and Eurobond markets was thrown into jeopardy this week when Ecuador announced it would not be paying a $96m Brady bond coupon payment and said it would instead restructure its $6bn Brady debt.