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OPP Finance has signed a euro300 million ($258.16 million) Euro-MTN programme. Banif-Banco de Investimento is the arranger and sole dealer off the programme. OPP Quimica, it's direct parent company, acts to guarantee the programme.

Speculation that Brazil is once again considering the Samurai market increased this week as the sovereign abandoned attempts to issue in either the dollar or euro markets in the near term. Earlier this week, the sovereign put out requests for proposals for deals in either euros or dollars, but it had rejected all bids by yesterday evening (Thursday).

The Eu800m facility for Cableuropa - ONO has been well supported with 12 banks joining the deal as lead arrangers and underwriters. The financing means the company is fully funded until 2005 when it expects to have a positive cashflow. A bank meeting for a limited general syndication was held this week. Banks and investors were offered tickets of Eu10m, Eu20m and Eu30m. Bank of America, Barclays, Citibank/SSSB and Toronto-Dominion were thought to have invited nine to 10 banks to take a mandated lead arranger title on the facility. Joining at this level are Bank of Scotland, BNP Paribas, CIBC, Crédit Lyonnais, Deutsche Bank, Fortis, Royal Bank of Scotland and Scotia Capital.

* Deutsche Apotheker- und Aerztebank eG Rating: A2/A

Angola Mandated arrangers BNP Paribas and Glencore have launched the $600m debt facility for state owned Sonangol into the sub-underwriting phase.

Amplifon, the Italian hearing aid company, has bucked the trend of recent Italian new issues, seeing its Eu108m IPO soaring in the aftermarket. Of the five Italian IPOs this month, Amplifon is the only one that is trading above issue price. Schroder Salomon Smith Barney, leading the deal, priced the offering at Eu20, towards the bottom of the Eu19-Eu22 bookbuilding range.

Malaysia * Federation of Malaysia

Australia ABN Amro Australia, ANZ Investment Bank, JP Morgan and WestLB Australia have launched the A$932m 10 year project financing for Australia Magnesium Corp to sub-underwriters.