Search results for

* Commerzbank AG Rating: Aa3/AA-

* Alliance & Leicester Group Treasury plc Guarantor: Alliance & Leicester plc

* Abbey National Treasury Services plc

* Europäische Hypothekenbank der Deutsche Bank Rating: Aaa/AAA

* Fannie Mae Rating: Aaa/AAA

* Crédit Local de France

* Islandsbanki HF Rating: A3

Chase Manhattan, Lehman Brothers and Merrill Lynch report that general syndication of the £1.275bn that remains of the £3.625bn acquisition facility backing the $10.9bn of debt facilities raised in 1998 by Texas Utilities to fund the purchase of Eastern Group, is progressing well and that commitments are already coming in. Lead managers are offered 9bp for a commitment of £30m and managers 6p for £20m.

Argentina Syndication of the $200m 364 day L/C facility being arranged by BankAmerica for Banco Rio de la Plata SA has closed oversubscribed and the deal increased to $300m.

TÜRKIYE Garanti Bankasi has mandated Bank of New York, Bank of Tokyo-Mitsubishi, Bankers Trust International, Bayerische Hypo- Und Vereinsbank, Dai-Ichi Kangyo, Dresdner Bank Luxembourg and Standard Chartered Bank as arrangers for its Eu140m one year term loan. Bank of New York and Bank of Tokyo-Mitsubishi are also bookrunners. The margin is 55bp over Euribor, compared to 50bp over Libor for the facility it refinances. Bankers expressed surprise that the increase was not greater, given the reduction in banks' exposure to the region since emerging markets closed down last year.

Bahrain Citibank has been appointed financial adviser by Bahrain Petroleum Company (Bapco) which is looking to raise around $800m in syndicated loans to finance a refinery upgrade and possible expansion.

India BA Asia has joined State Bank of India to launch a $120m five year term loan for National Thermal Power Corp. The two banks have fully underwritten the loan.