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Detica, the UK IT services company, announced the price range for its IPO on Monday. The company will be valued at £102m, based on the mid-point of the price range of 440p-510p per share. UBS Warburg, the lead manager, will sell 8.7m shares to raise £38m-£44m. Some 5.4m shares will be a capital increase, with the remainder to be sold by private equity group Candover and management.

Rating: Aaa/AAA Amount: Eu1bn Öffentlicher Pfandbrief series 812

Cheung Kong Infrastructure Finance (BVI) has added Deutsche Bank as a dealer to its $2 billion Euro-MTN programme.

In an effort to compete with their regional peers in equity capital markets (ECM), Deutsche Bank and JP Morgan have continued to make new hires. JP Morgan has appointed Jonathan Back and Ian Long to its equity capital derivatives markets (ECDM) team from Goldman Sachs, just a week after announcing that Nick Andrews, previously head of ECM at Credit Suisse First Boston, had joined the US investment bank.

Rating: Aaa/AA/AAA Amount: Sfr300m

The £220m leveraged financing backing the buy-out of Dignity Funeral Services from SCI has generated a mixed response from the market. EuroWeek understands that despite complaints about the coupling of a piece of the underpriced mezzanine tranche with the top sub-underwriting ticket of £25m, banks taking that ticket will be scaled back to £10m. Banks that took a £15m ticket will be shaved back to £7.5m.

Rating: A2/AAA Amount: Eu50m DZ brief

National Bank of Egypt's $350m three year term loan has been well received in the market. Arranging banks ABC, Citigroup/SSB, Bank of Tokyo-Mitsubishi and Standard Chartered are awaiting further commitments from interested banks and syndication will close in 10 days.

Syndication of the £800m debut multi-currency revolver for music group EMI is coming to a close. Senior co-arrangers were invited to commit tickets of £50m for 40bp flat, and co-arrangers were asked to take £35m for 35bp flat and £20m for 30bp flat.

BNP Paribas has announced the promotion of Wolfgang Engel to head of corporate banking in Germany. He will be based in Frankfurt and report to Francois Cristofari, European head of corporate banking, as of April 15, when he will also become a member of the BNP Paribas management board in Germany. "Given his profesional background, Wolfgang will help us further build our traditional banking business and particularly our investment banking franchise in Germany," said Cristofari. "His long-standing client relationships will allow us to enhance our marketing and cross-selling activities in Germany."

Guarantor: Abbey National plc Rating: Aa2/AA