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Czech Republic Komercni Banka and Midland Bank have arranged a $50m three year syndicated loan for Trinecke Zelezarny, a Czech steel company. The facility will be used to cover the export contract of an order by CMC Trading of Switzerland.

FOUR LEVERAGED loan specialists at Deutsche Bank in London resigned this week, only a month after the German bank completed its merger with BT Alex Brown. The most senior defector is Iain McCarthy who was co-head of loans and previously a director at BT Alex Brown. He is leaving to go to Morgan Stanley where he will report to Kevin Adeson, executive director.

ARRANGERS Argentaria, Barclays, Chase Manhattan, Dresdner Kleinwort Benson, JP Morgan and Lehman Brothers have launched a Eu300m transaction for Jazztel. Early market reaction has been favourable. The deal has a tenor of eight years, with a 2-1/2 year grace period and a 5-1/2 year amortisation period. The borrower's drawdown pattern is dependent on it adhering to a forecast business plan.

INVESTICNI A Postovni Banka is tapping the market with five arrangers for a refinancing of its one year deal from 1998. The five arrangers are the majority shareholder Nomura, with Bayerische Landesbank, Commerzbank, DG Bank and Standard Bank. The new deal is a $70m one year revolver. It has a bullet repayment structure and carries a margin of 65bp.

YUE XIU Enterprises (Holdings) has awarded a mandate to BOCI Capital, Bank of East Asia, HSBC Investment Bank Asia and SG to co-ordinate the restructuring of all its outstanding unsecured debt and that of its unlisted subsidiaries. The borrower is the window company for the municipal government of Guangzhou in Hong Kong. It is responsible for all trading and investment activities and bringing foreign capital and technology to China.

Rabobank has won the mandate to arrange a $120m five year revolver for KPMG International. The bullet deal carries a margin of 75bp. It refinances bilateral lines and will be used for general corporate purposes. The arrangers have launched the deal into general syndication, where senior lead managers earn 10bp for $15m, and lead managers earn 8bp for $10m.

TORONTO-DOMINION, Paribas, CIBC, Chase Manhattan, Bank of America, Royal Bank of Scotland, MeesPierson and Citibank are arranging a Eu1bn credit for Union & Philips Communicaitons (UPC), the Dutch cable company. Bankers say that mandated arranger Toronto-Dominion was told by some of the other arrangers that the fees originally on offer were not high enough.

Cyprus The Cypriot government is looking for a $50m facility.

WHITBREAD has mandated Barclays, Deutsche and HSBC to arrange a £2bn credit that will part finance its bid to acquire the pubs and off-licence businesses of Allied Domecq. Whitbread, responding to an increased bid by fellow suitor Punch Taverns of £2.93bn (that is being part financed by a £1.5bn credit arranged by Morgan Stanley), raised its own bid earlier this week to £2.87bn.

ARRANGERS of the term loan for Yapi ve Kredi Bankasi will sign its record breaking $250m (increased from $150m) one year facility today (Friday) in London. A total of 47 banks - the most a Turkish bank borrower has ever had in one deal - are participating in the facility including arrangers Bank of New York (bookrunner), Bank of Tokyo-Mitsubishi (bookrunner), Barclays, HypoVereinsbank, Citibank, Crédit Agricole Indosuez (bookrunner), Dresdner Bank Luxembourg, First Union National Bank, Sanwa and Standard Chartered.

STANDARD BANK of South Africa has increased its latest facility to $225m from $175m as a result of strong support at the arranging level. Some 14 banks have been mandated as arrangers. They are Bayerische Landesbank, Bank of Tokyo-Mitsubishi, Citibank, Commerzbank (bookrunner), Crédit Agricole Indosuez, Dai-Ichi Kangyo Bank (bookrunner), Deutsche Bank (documentation agent), Dresdner Bank Luxembourg (bookrunner), DSL Bank, First Union National Bank, Gulf International Bank, Standard Chartered, Sanwa (informational, publicity and signing agent) and Sumitomo (agent).