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Hong Kong Cheung Kong Infrastructure has awarded the mandate for its HK$3.8bn five year fundraising to BNP Paribas, Citigroup/SSB, HSBC and Sumitomo Mitsui Banking Corp.

Hong Kong * Hysan (MTN) Ltd

Do you feel just slightly sorry for the UBS Warburg salesmen and credit researchers who were binned by the bank just because they tapped into Morgan Stanley's research website? There may be some sympathy in the City, but out in the shires where men are men and the sheep walk nervously, the locals are probably saying,: "These Euro fat cats made their own bed and now they can lie in it." We don't take sides on these occasions and we don't know the senior members of the "Gang of Four", Nick Tudball and Derek Braun - is he any relation to Alex Braun, who used to do clever things at Abbey National and was very popular with the ladies, or is he a brawn-like indigestible meat?

Europe * Secursel 2001-2

Australia Arrangers ANZ Investment Bank, Citigroup/SSB and National Australia Bank have launched a A$900m facility for Duke Energy International. The deal is secured by the assets of the project.

BHW Holding, the German financial services provider, started roadshows on Wednesday for its Eu1.5bn secondary offering. The deal, which will increase the lender's freefloat from 10% to 42%, will be closed on February 14. Although BHW has announced a Eu1 discount per share for retail investors who place orders before February 7, bankers close to the deal expect that the book will consist of mainly institutional investors.

* European Investment Bank Rating: Aaa/AAA/AAA

Hysan Development launched its $200m 10 year Eurodollar bond issue to a rousing reception last Friday, but had to pay up for the privilege. With price guidance of 185bp over US Treasuries, the transaction eventually came out at 200bp - a price that joint lead managers Merrill Lynch and Morgan Stanley attributed to the property rental corporate's ambition to appeal to a broad investment base.

ING Bank has been added as a dealer to TNT Post Group's euro500 million ($430.87 million) Euro-CP programme.

ICI, one of the world's largest speciality chemicals manufacturers, was forced yesterday (Thursday) to reveal plans for an £800m rights issue, after rumours about the impending deal circulated in the market. ICI's share price fell 3.7% on Tuesday and a further 4.4% on Wednesday, leading ICI to confirm the existence of the refinancing plans.