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Czech Repackaged Euro Securities Transactions has issued its first Czech koruna trade of this year: a Kr310.23 ($8.55 million) five-year FRN that will be issued on April 18 2001. The issuer's previous note also had a five year tenor: a ¥6.33 billion ($51.63 million) FRN that was issued on March 30 2001.

Alpha Bank, Bank of Tokyo-Mitsubishi and Commerzbank have closed the co-arranger phase of the Eu120m five year term loan for Cyprus Popular Bank (CBP).

DaimlerChrysler Co-ordination Center is to issue a euro40 million ($35.75 million) Euro-MTN on April 4. The note matures on October 4 this year. The short maturity of the note is not uncommon to the issuer. Boris Haensel, DaimlerChrysler's treasurer for the UK entity, told MTNWeek last month: "Our main focus will be on the one to two year period because that covers most of our leasing activities." The issue comes off DaimlerChrysler's $20 billion multi-currency Euro-MTN programme, which was signed in August 1992.

Danone Finance has issued its second and third note of 2001. The smaller of the notes is a euro11 million ($10.77 million) one-year trade that will be issued on April 2 2001. The note will pay a single final coupon. The larger trade is a euro100 million three-year FRN, which will be issued on April 5 2001. All of Danone's notes this year have been denominated in euro. Its other trade was a four-year euro79 million FRN. The note pays a final coupon of 3m EUR Euribor +19% and was lead managed by Morgan Stanley DW.

Shares in Datalogic, the Italian manufacturer of bar code readers and portable data collection terminals, rose nearly 10% on their first day of trading after the company's Eu52m IPO on Wednesday. However, they quickly slipped back to around issue price. The shares sold at Eu20 and got as high as Eu21.99. A banker close to the deal confirmed that the performance of the technology sector this year had hurt the issue, but he was pleased with how the deal had gone. "We were able to finalise the transaction and we have placed the shares with first class investors," he said.

Telecom Italia this week disclosed plans to launch a debut fixed rate bond, delaying a scheduled Eu1bn securitised transaction in favour of the senior debt offering. The deal, to be issued by Telecom Italia's wholly owned subsidiary Sogerim with the guarantee of Telecom Italia, is expected to raise at least Eu5bn and be split into tranches of five and 10 years.

Den norske Bank has concluded a £

Den norske Bank defied dismal equity markets today (Monday) to complete its Nkr4.3bn (Eu536m) secondary offer — the biggest ever placing of banking stock in Norway — at a slim discount to market price.

Dresdner Kleinwort Wasserstein (facility agent) and UBS Warburg (bookrunner) launched the syndication yesterday (Thursday) of the $4.3bn of loan facilities supporting the $17.6bn acquisition of De Beers, the world's best known and largest diamond producer, by DB Investments. The $4.3bn of debt is structured into two tranches. Tranche 'A' is a $3.3bn five year amortising term loan, while tranche 'B' is a $1bn five year revolving credit. Both tranches pay an initial margin of 100bp over Libor, and through the life of the loan margins ratchet according to net debt to Ebitda.

Croatia The Eu30m three year term loan for Splitska Banka, Croatia's third largest bank, arranged by DG Bank, pays a margin of 115bp over Euribor. Banks are invited to participate on four levels: Eu5m for 60bp, Eu3.5m for 52.5bp, Eu2.5m for 47.5bp and Eu1m for 42.5bp.

South Africa * Republic of South Africa