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* ABN Amro Bank NV Rating: Aa2/AA/AA+

Deutsche Bank yesterday (Thursday) sold a Eu457m exchangeable bond for Vivendi Universal, as part of the French conglomerate's drive to define itself as a pure media company. The notes are convertible into shares in construction services company Vinci. The underlying stock represents the whole of Vivendi's 8.7% stake in Vinci. "The deal got very healthy demand," said a banker close to the deal, "especially out of dedicated French accounts. People know Vivendi very well, as it is the largest convertible issuer in Europe so far."

* Pfandbriefstelle der Oesterreichischen Landes- und Hypothekenbanken Rating: Aaa

Belgium

ABB Capital has increased the limit off its $1.5 billion programme to $3 billion. The programme has $808.58 million outstanding off 21 trades.

South Africa A bank meeting was held in London this week for the syndication of the R700m equivalent ($100m) mining project financing for Avgold Limited, arranged by Deutsche Bank and Standard Bank. A further presentation takes place today (Friday) in Johannesburg for South African banks.