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Fraport, the Frankfurt airport operator, announced the price range for its Eu900m IPO this week, as investors indicated they were not fully convinced about the merits of the transaction. Investors suggested that the lower end of the Eu32-Eu37 per share range was realistic for the IPO, which is led by Morgan Stanley and Dresdner Kleinwort Wasserstein. However bankers indicated that the range was lower than the banks and Fraport had originally hoped for.

Fraport, the Frankfurt airport operator, announced the price range for its Eu900m IPO this week, as investors indicated they were not fully convinced about the merits of the transaction. Investors suggested that the lower end of the Eu32-Eu37 per share range was realistic for the IPO, which is led by Morgan Stanley and Dresdner Kleinwort Wasserstein. However bankers indicated that the range was lower than the banks and Fraport had originally hoped for.

The Eu550m loan for National Petrochemical Company of Iran (NPC), arranged by Deutsche, has been increased by Eu482m to Eu1.032bn. The deal was originally signed on June 19 2000.

The Israel Electric Corporation has increased the limit off its global MTN programme to $4 billion from $3 billion. Lehman Brothers arranged the programme in 1997 and it has over $3.2 billion outstanding off 12 deals.

Jackson National Life Funding has increased the limit off its debt issuance programme from $5 billion to $7 billion. HSBC has been added to the dealer panel.

JCDecaux, one of the world's leading outdoor advertising groups, has revived plans for a Eu1bn IPO that it was forced to scrap last summer. The group intends to raise the same amount as it planned last year before the markets turned sour - showing that confidence is at last starting to return to the equity markets. Goldman Sachs is the sole bookrunner on the deal, while BNP Paribas and Deutsche Bank are co-lead managers.

* Allgemeine Hypothekenbank AG Rating: Aa2/AAA/AA+

Landesbank Hessen-Thuringen Girozentrale is to issue a $10 million non-syndicated MTN on June 13. The note reaches out for 10 years and pays interest semi-annually. This is the issuer's first dollar trade of the year. They have previously issued in Australian dollar, Canadian dollar, euro, South African rand and yen.

Landsbanki Islands has raised the ceiling off its Euro-MTN programme from $600 million to $1 billion. SG was dropped as a dealer whilst Merrill Lynch and ING Barings were added to the dealer panel. The borrower has over $680 million-worth of debt outstanding off seven trades.

La Poste, the French postal authority, has concluded a two-year $50 million note to be issued on June 6. The note pays interest annually and has a final coupon of 4.770%. This is the issuer's second trade of 2001 following a £

Barclays' Apostolos Saflekos has quietly tied the knot, witnessed by just a handful of guests at his wedding last Saturday in Marylebone's Landmark hotel. He then whisked the bride away to northern France, but only for four days. Apparently she was too busy to spend any more time away on a honeymoon. According to Apostolos it was the best wedding he's ever been to. Scott Hindmarch, Lehman's CP man, has taken leave not only of the CP market, but also of London and quite possibly of his senses too. It was his last day yesterday and he is off to Cape Town in his native South Africa to become a... wait for it... dolphin catcher. Apparently he's always had an affinity for marine life. Anyone remember glamourous ex-editor of MTNWeek, Georgina Dow? She has been spotted out on a hot date with Greenwich Natwest's ex trader Matt Pass in London's Covent Garden... And it seems there is more than meets the eye to Robert Mohamed's U-turn from Deutsche to Merrill, then back to Deutsche Bank. Did Deutsche's John Winter leaving for Barclays have anything to do with it? Not only is Merrill losing Robert before he even got there, but Arturo Lorente is also leaving MTN origination to join Merrill's capital structure team. And Deutsche is hiring a new face for its MTN desk to join Tiina Lee, Chris Jones and Ali Hussain.