Search results for

* Bank of Nova Scotia Rating: Aa3/AA-

LEAD manager Commerzbank has launched the DM1.2bn capital increase on behalf of the German steel group Thyssen. The transaction involves the sale of 2.7m ordinary shares without pre-emption rights -- only the second time that a large German issuer has been able to access new equity capital without going first to existing shareholders.

BancAmerica Securities Inc led $200m US-CP facility renewal for CAF is to sign on September 10. The 364 days at 20bp risk fee facility will be effective from September 17. Argentina

* Republic of Austria Rating: Aaa/AAA

* The Republic of Kazakstan, which is to roadshow an expected $200m-plus five year Euro/144A offering via JP Morgan later this month, has received its fourth international credit rating. US-based Duff & Phelps Credit Rating Company (DCR) assigned the central Asian state a BB rating -- one notch above the Ba3 mark the country has from Moody's and the BB- ratings from Standard & Poor's and IBCA. At the same time, DCR awarded a BB+ local currency rating for the country's tenge-denominated debt. The outlook on both ratings is stable.

13138

* European Investment Bank

KREDITANSTALT für Wiederaufbau launched the largest non- government floater in the German markets this week with a five year DM3bn issue via Deutsche Morgan Grenfell and Lehman Brothers.

Asset backed securities: * European Mortgage Securities 1 BV

Brazil * Banco ABN

Croatia Syndication of the DM60m term loan being arranged for first time borrower Kras dd by Bayerische Vereinsbank AG, Banque Nationale de Paris (London), and RZB has been completed around 30% oversubscribed.

* Crédit Local de France Rating: Aa1/AA+