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Deutsche Bank flew in the face of dreadful market conditions and managed to complete the Eu690m follow-on offering from Buhrmann on Tuesday at a price that already looks like a bargain. Shares in the Dutch office supplies company, which were at Eu31.8 when the sale was announced, closed on Monday at Eu25.65, down 19%. The new shares were then issued at Eu25, offering a discount of a further 2.4%, but bounced back on Tuesday to touch Eu28, 12% above issue price. "In my view, this company will continue to outperform the market," said Andre Moons, an analyst at Credit Suisse First Boston in Amsterdam.

Willem Buiter of the European Bank for Reconstruction&Development and Bundesbank deputy governor Jürgen Stark clashed over the transparency and goals of the European Central Bank this morning at Euromoney's Euro Capital Markets Forum in Amsterdam.

* Rabobank Nederland NV Rating: Aaa/AAA/AAA

Credit Agricole Indosuez has closed a ¥500 million ($4.07 million) 10-year trade. The non-syndicated FRN is typical of the borrower's funding this year. It has issued mostly in yen, mainly between 10- and 20-year maturities for amounts ranging between ¥100 million and ¥5 billion.

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.