Gaming company Crown Ltd is seeking a minimum of A$150 million through a new issue of senior unsecured medium-term notes. Indicative pricing is 250 basis points over the bank bill swap rate. Crown is guarantor for the issuer, Crown Group Finance Ltd. All four major banks are acting as joint lead managers. Emerging gold producer Reed Resources announced yesterday that it has received credit approval from Barclays Bank PLC for a debt facility of up to A$23 million. The funds will be used as working capital for Reed's Meekatharra gold project and will also support performance bond requirements. Barclays will also arrange a hedging program for the project. Standard & Poor's withdrew its credit ratings on Rabobank's Australian and New Zealand subsidiaries yesterday. Rabo has not raised debt in wholesale markets through those entities for some time, instead using the local branches of Rabobank Nederland, which operate under the group rating. In the case of S&P that rating is AA. British trade union Unite says Clydesdale Bank has identified the 730 job losses in the first cohort of a planned cut of 1400 employees of National Australia Bank's workforce in the UK. Unite confirmed NAB's announcement in April that 29 business banking centres, most of them in southern England, will close, leaving 43 still operating.